Singapore: No Signboard debuts on SGX Catalist 10.7% above IPO issue price

Prawns in an Asian seafood dish.

No Signboard Holdings Ltd., a food and beverage brand in Singapore, commenced trading on the Catalist board with its stock opening at 31 cents, 10.7 per cent above the issue price.

No Signboard Holdings Ltd. operates a chain of seafood restaurants under the No Signboard Seafood brand, a beer business and a ready meal service.

The public tranche of its initial public offering (IPO) was 268.6 times subscribed based on valid applications for 671.4 million for the 2.5 million offer shares available to the public for subscription.

Overall, total valid applications for 1.55 billion shares were received for the 65.7 million shares on public offer and placement offer, making the IPO 23.6 times subscribed.

In a statement, Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development at SGX, said, this “listing will not only strengthen SGX’s consumer cluster, but also offer investors an opportunity to participate in the continued growth of Singapore’s F&B industry.”

With a market capitalisation of S$130 million ($96.5 million), the listing of No Signboard Holdings brings the total number of consumer companies listed on SGX to 150. In aggregate, there are 198 companies listed on the Catalist with a combined market capitalisation of over S$12 billion ($8.91 billion).

Also Read:

Singapore: MindChamps raises $34.3m in IPO; No Signboard Seafood targets $26m offering

Singapore seafood hawker No Signboard Holdings taps IPO market

HK is preferred IPO destination for Singapore companies as SGX sees a dull phase

Singapore: Clearbridge Accelerator, Addvalue eye Catalist listing

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.