Real business is tough. If you think investing in paper assets is tough, real business is even tougher. Non-much so then the retail food business. It makes it even worse that in a world where money is cheap, it has made wages, rentals and other cost more expensive. This recent IPO by Jumbo Group is much anticipated, probably because it connects with many Singaporeans (We love our food) but also that we have so few IPO in recent times, this one sticks out well. In this IPO, Jumbo Group will do a placement and an initial public offering of 160 million shares at $0.25 cents, to raise possibly $40 million. The total number of shares of this final entity will be 641 mil shares with 160 mil shares offered to the public. The excerpt below is how they intend to use the IPO money being raised: From the prospectus, ......