IF coconut water bottler listing in Hong Kong

Thai beverage and food company IFBH, noted for its flagship coconut water brand IF, has filed for a listing in Hong Kong.

The company said its forthcoming fundraising activities will be allocated toward enhancing its fulfillment capacity and brand building, promoting its mainland China business, and further expanding into Australia, the Americas and Southeast Asia.

Citic Securities (6030) is the sole sponsor of the company’s Hong Kong IPO.

IFBH has topped in the mainland coconut water beverage market for five years, with a 2024 market share of around 34 percent. It recorded a net profit of US$33.32 million (HK$259.9 million) last year, marking a nearly 99 percent growth from the year prior.

Its listing in Singapore was shaved last year as the company plans to focus its resources in Hong Kong’s bourse operator.

STAFF REPORTER