肖战代言的椰子水，IPO了

Core Viewpoint - IFBH Limited, a coconut water brand, successfully listed on the Hong Kong Stock Exchange, achieving a market capitalization exceeding HKD 12 billion shortly after its debut, driven by significant investor interest and a strong business model focused on low operational costs and high revenue generation [2][3][11]. Group 1: Company Overview - IFBH Limited, founded by Thai entrepreneur Pongsakorn Pongsak, has only 46 employees but generated over CNY 1.1 billion (approximately USD 158 million) in revenue in one year [7][11]. - The company specializes in coconut water and has expanded its product offerings to include over 30 items, with coconut water accounting for over 95% of its revenue [10][11]. - The business model is characterized by a light asset approach, outsourcing production and logistics while focusing on product development and brand marketing [8][9]. Group 2: Market Performance - During its IPO, IFBH attracted 238,000 subscriptions, oversubscribing by 2,690 times, with total investments reaching HKD 314.8 billion [3]. - The company has established a strong market presence in China, where over 91% of its revenue is generated, and has become a leading brand in the coconut water segment [11]. - The successful listing of IFBH has contributed to a vibrant consumer sector in the Hong Kong market, with several other companies also pursuing IPOs [12][15]. Group 3: Industry Trends - The consumer market in Hong Kong is experiencing a surge, with numerous companies like Haidilao, Mijia Ice City, and others successfully listing, indicating a favorable environment for new consumer brands [15][16]. - The trend towards health-conscious products has driven demand for natural beverages like coconut water, aligning with consumer preferences for low-sugar and high-potassium options [6].