Jumbo Group Limited ("Jumbo" or the "Company") is offering 88.23m new shares at 25 cents each where there is only a meagre 2m shares available to the public! The rest of 86.23m shares will be distributed through placement. The IPO will close on 5 Nov 2015 at 12pm and starts trading on 9 Nov.
Separate from the offering, it has signed up Cornerstone Investors to subscribe for 72.1m cornerstone shares who will together, own 11.2% of the enlarged company. The market cap post IPO will be around ~S$160.3m.
Writing this IPO post just before dinner was not a wise decision as i became quite hungry thereafter, especially just coming back from an overseas trip without local food.
Business
I don't think Jumbo needs much introduction as it is a well-known name locally. It was first established in 1987 and currently operates 14 F&B outlets in ...
