No Signboard Holdings Ltd (“No Signboard” or the “Company”) is offering 65,734,500 shares for its IPO on Catalist, of which the vendor is selling 15,734,500 New Shares and 50,000,000 Vendor Shares. The bulk of the offering are via placement with only 2.5m shares are available for retail investors via the ATM. The offering price values No Signboard at $129.5m.

The IPO will close on 28 Nov 2017 at 12pm. You can find a copy of the prospectus here.

Principal Business


It is ironic that 无招牌 or No Signboard is actually a brand now. The restaurant was founded by Madam Ong Kim Hoi and they could not even afford a proper sign and just painted a plank and patrons soon referred to it as “无招牌”. See the Straits Time article here. You can also read about how they started and their early struggles as well as their expensive fancy …