Asia-Pacific Newsweek
IFBH is a Thai firm with IF brand name bottled coconut water that started selling Hong Kong on June 30, 2025.
Shanshan Kao/Forbes Asia
If If If Bhief Bachiaut shares made its launching on Monday, its supply rate increased 42% to a market capitalization of $1.3 billion.
IFBH finished its initial day of deal at HK$ 39.5, up from HK$ 27.8 per share in the IPO. The firm is a subsidiary of Bangkok-based General Beverages, marketing from 41.7 million shares cost HK$ 1.16 billion (US$ 145 million) and the supply is cost HK$ 25.3 to HK$ 27.8.
IFBH creator, chief executive officer and biggest investor, Pongsakorn Pongsak shares rose with a total assets of $807 million, pressing the 45-year-old towards the most affluent in Thailand. Forbes Based Upon his 60% risk in IFBH, his wide range approximates Pongsakorn’s wide range, which he holds straight via basic beverages. Pongsakorn has 91% of the basic drink risk, while IFBH has 60% of the shares.
IFBH’s IPO brought in a team of heavyweights’ keystone financiers, consisting of Black Dragon, Black Dragon, a mutual fund backed by Sopakij Chearavanont, Charoen Pokphand (CP) Team, the chairman of Thai Farming to Attributes, and the kid of billionaire Dhanin Chanin Chanin Chearavanont; Hongshan’s HCEP administration; Jain Global, a united state bush fund, started by previous Centuries co-host financial investment police officer Bobby Jain; united state profession titan Jane Road; and UBS Property Monitoring. The firm’s pre-IPO financiers consist of Singapore’s sovereign wide range fund Temasek.
IFBH stated it will certainly make use of IPOs to boost satisfaction capacities, improve its visibility in landmass China, and increase procedures in Australia, the Americas and Southeast Asia. “Throughout the years, we have actually become among Asia’s leading all-natural coconut water brand names,” Ponsarcohen stated at a listing event in Hong Kong on Monday. “Looking ahead, we delight in to proceed purchasing technology, enhancing our purchase capacities and enhancing brand name sustainability.”
IFBH creator and chief executive officer Pongsakorn Pongsak (best) was noted on the Hong Kong Stock Market on June 30, 2025.
Shanshan Kao/Forbes Asia
IFBH is understood for its IF brand name bottled coconut water, a clear and a little pleasant beverage stemmed from coconuts that some individuals believe benefit wellness. According to its syllabus, the firm offered $362 million in retail worth in China in 2014, making it the nation’s biggest manufacturer of coconut water. IFBH has an international retail worth of $374 million in 2024, stating it is additionally the globe’s 2nd biggest coconut public utility after Vita Coco in New York City.
The firm produced greater than 92% of income from landmass China in 2024, with 4.6% originating from Hong Kong and somewhere else, consisting of Australia, Cambodia, Canada, Canada, Kuwait, Malaysia, Singapore, Singapore, Taiwan, Thailand and the USA skyrocketing to 80%, with year-on-year sales skyrocketing to $157.6 million, while making virtually double the revenue in mid-2024. IFBH connects development to raised sales in landmass China.
Although IFBH has a company range, IFBH is a lean group of 46 workers because of its “possession illumination” service design. IFBH outsources its production and circulation to moms and dads’ normal drinks and various other 3rd parties, making the firm concentrate on advertising and R&D.
Pongsakorn started Universal Drink in 2011 and introduced the IF brand name coconut water 2 years later on. He started marketing drinks in Hong Kong in 2015, adhered to by landmass China in 2017. Throughout the years, Pongsakorn has actually remained to introduce by establishing plant-based treats such as coconut crunchy rolls, along with items that deal with neighborhood choices such as coconut black tea from China. At the end of 2022, he developed IFBH to run a basic service beyond Thailand.
The IFBH checklist shows up in the rebirth of the IPO market in Hong Kong. The city is anticipated to win the crown in 2025, coming to be the globe’s highest possible market location in 2025, driven by brand-new capitalist rate of interest in Chinese technology supplies that have actually triggered Chinese firms to drive even more Chinese firms to offer to Hong Kong.
According to information from the Hong Kong Stock Market and Clearing Up, Hong Kong has actually elevated 41 listings given that 2025 to June 26, amounting to greater than HK$ 100.4 billion. Amongst the firms noted in the city, consisting of gold jewelry vendor Zhou Liufu Fashion jewelry, its shares skyrocketed virtually 70% in the initial 2 trading days on Friday, advertising its chairman to billionaire standing.
