Company Overview - IFBH Limited, the parent company of the if coconut water brand, has attracted market attention with its recent IPO and dark pool trading activities [1][3] - The final offering price was set at HKD 27.80, with a price range of HKD 25.30 to HKD 27.80 [4] - The company experienced a strong demand in the public offering segment, with a subscription level of 2682.35 times in the Hong Kong public offering [7][6] Employee vs. Retail Investor Sentiment - Employee participation in the preferential offering was notably weak, with only 26 applications and a subscription level of 0.96 times, contrasting sharply with the enthusiasm shown by retail investors [5][7] - The public offering saw 236,100 applications, with 71,900 actual applications processed, indicating a significant interest from the market [6] Dark Pool Trading Activity - Dark pool trading for IFBH was highly active, with significant price increases observed. For instance, one trading platform reported a closing price of HKD 44.75, reflecting a 57.91% increase from the offering price [9][11] - Notable investors, including Zhong Shanshan, participated in the international placement, with potential profits estimated at HKD 5.65 million based on dark pool trading data [11][12] Financial Performance - IFBH's revenue is projected to grow from USD 87.4 million in 2023 to USD 157.6 million in 2024, representing an 80.3% increase [13] - Gross profit is expected to rise from USD 30.3 million to USD 57.9 million, with a gross margin improvement from 34.7% to 36.7% [13] Industry Growth - The global coconut water beverage market is expected to grow from USD 2.517 billion in 2019 to USD 4.989 billion by 2024, with a compound annual growth rate (CAGR) of 14.7% [14] - The Greater China coconut water beverage market is projected to expand from USD 10.2 million in 2019 to USD 26.52 million by 2029, reflecting a CAGR of 19.4% [14]