No Signboard Holdings' IPO 23.6 times subscribed
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Singapore
SHARES of seafood restaurant chain No Signboard Holdings were 23.6 times subscribed in its initial public offering (IPO) that closed on Tuesday, the firm said on Wednesday.
The family-owned business, famed for its white pepper crab, will start trading on the Catalist board of the Singapore Exchange at 9am on Thursday, after pricing its shares at S$0.28 apiece, the top end of its indicative range. At this price, No Signboard is valued at 13.9 times its earnings per share for the year ended September 2016.
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