A spicy IPO next on the menu?

THE Jumbo Group of restaurants, known for its signature chilli crab dish, could go public next year.

The company is planning to raise about S$30 million, partly to expand in China, according to a Bloomberg report.

A spokeswoman for Jumbo told The Business Times that "we do not comment on market speculation".

Jumbo chief executive Ang Kiam Meng has spoken about a potential listing in an end-2012 interview.

"Listing is always an option," he said then. …