Jumbo Group launches Catalist IPO

Singapore

IT IS not quite the jumbo float market observers were hoping for but as the Hokkien saying goes, when there is no fish, prawns will do.

Or crabs. Seafood restaurant owner Jumbo Group, famous for its signature chilli crab dish, is coming out of its shell with a S$22.06 million initial public offering (IPO) of 88.23 million shares at S$0.25 apiece, launched on Wednesday.