30-06-2025
Thai Coconut Water Maker IFBH's Shares Jump in Hong Kong Debut
Shares of Thai coconut-water maker IFBH Ltd. rose as much as 67% on their first day of trading in Hong Kong following a HK$1.16 billion ($148 million) initial public offering, the latest sign of renewed vigor in the city's equity capital market.
The stock jumped to as high as HK$46.50 in early morning trading after it was priced at HK$27.80 per share, the high end of its marketed range. The deal attracted robust demand as it was 2,682 times oversubscribed, which was bolstered earlier by high margin financing from retail investors for the shares. Its cornerstone investors included UBS Asset Management and Black Dragon.
