Group 1 - The company IFBH plans to conduct an IPO from June 20 to June 25, 2025, offering 41.67 million shares, with 10% allocated for Hong Kong and 90% for international sales, plus a 15% over-allotment option [1] - The expected share price ranges from HKD 25.3 to HKD 27.8, with trading anticipated to begin on June 30, 2025 [1] - IFBH is a leading ready-to-drink beverage and ready-to-eat food company based in Thailand, recognized for introducing natural coconut water to mainland China [1] Group 2 - The company holds the position of the largest coconut water beverage provider in mainland China, with a market share of approximately 34% in 2024, leading the market for five consecutive years since 2020 [1] - In Hong Kong, IFBH has maintained its status as the top coconut water brand for nine years, with a market share of around 60% in 2024 [1] - The company is the second largest coconut water beverage company globally as of 2024 [2] Group 3 - The company has entered into cornerstone investment agreements, securing approximately USD 39.5 million from cornerstone investors under certain conditions [2] - Assuming a median share price of HKD 26.5, the estimated net proceeds from the global offering would be around HKD 1.022 billion, excluding underwriting commissions and other expenses [2] - The allocation of the net proceeds includes approximately 30% for enhancing warehousing and distribution capabilities, 22% for brand building, and 13% for strengthening market position in mainland China and expanding into Australia, the Americas, and Southeast Asia [2]