SINGAPORE: Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.No Signboard Holdings Ltd, known for its signature white pepper crab dish, started taking orders this week for an initial public offering that could value the company at as much as S$130mil (US$95mil). It’s seeking to replicate the success of long-time rival Jumbo Group Ltd, the chili crab purveyor whose shares have more than doubled since its first-time share sale in October 2015.Investors are already lining up for No Signboard’s offering. “A lot of retail investors will probably like this deal, especially if the company starts handing out dividends. It’s a familiar name to them.”No Signboard’s IPO is seeking to raise as much as S$35mil.

Source: The Star November 09, 2017 05:26 UTC