46人团队，撑起一个百亿IPO！

Group 1 - The core viewpoint of the article highlights the rapid growth and market dominance of IFBH Limited, particularly its coconut water brand "if," which has achieved significant revenue and market share in China [1][2]. - IF has maintained the top position in the coconut water beverage market in mainland China for five consecutive years, with a market share of approximately 34% in 2024 [2]. - The company's revenue for 2023 and 2024 is reported at $0.87 billion and $1.58 billion, respectively, reflecting a year-on-year growth of 80.3% [2]. Group 2 - The company operates with a minimal workforce of only 46 full-time employees, which raises concerns about the sustainability of its light asset model amid competitive pressures [4][5]. - Notable institutional investors, including UBS Group and Southern Fund, have shown strong market confidence by participating as cornerstone investors in IFBH's public offering [4]. - The company faces potential risks related to supply chain vulnerabilities and quality control, particularly highlighted by past issues in the coconut supply due to adverse weather conditions [4][5].