30 Nov '17, 5pm

IPO: Singapore chilli crabs reign as Jumbo wins restaurant IPO battle - The Edge Markets

(Nov 30): The debate over Singapore’s favourite crab dish may be settled — at least on the trading floor. Shares of restaurant chain No Signboard Holdings Ltd, known in the city-state for its signature white pepper crab dish, jumped 11 percent on its debut on Thursday — an impressive open considering the benchmark index slipped 0.3 percent at the trading start. But the debut of rival Singapore seafood eatery Jumbo Group Ltd almost exactly two years ago leaves No Signboard’s in the dust. Jumbo, best known in the country for its chilli crab dish, jumped 40 percent at the open when it listed in 2015, closing 36 percent higher than its offer price of 25 Singapore cents. Attracting investors that included Heliconia Capital Management Pte, a unit of Singapore state investor Temasek Holdings Pte, the chain raised S$40 million (US$30 million). Investors were similarly hungry for N...

Full article: http://www.theedgemarkets.com/article/singapore-chilli-cr...

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Singapore chili crabs reign as Jumbo wins resta...

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The debate over Singapore’s favorite crab dish may be settled -- at least on the trading floor. Shares of restaurant chain...

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bloomberg.com 30 Nov '17, 6am

The debate over Singapore’s favorite crab dish may be settled -- at least on the trading floor. Shares of restaurant chain...

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bloomberg.com 30 Nov '17, 6am

The debate over Singapore’s favorite crab dish may be settled -- at least on the trading floor. Shares of restaurant chain...

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