IFBH's stock surged 67% at IPO due to strong demand in China market

From Yahoo Finance: 2025-06-30 13:28:00

Thai coconut-maker IFBH’s stock surged 67% on its Hong Kong debut. IFBH’s IF coconut water holds one-third of the market share in China, a fast-growing market as consumers prioritize health. The company’s IPO was 2,682 times oversubscribed, with plans to expand into new markets like the Americas and Australia.

Investor enthusiasm for IFBH led to a 67% surge in stock on its first day of trade. Despite a slump in Chinese consumer spending, niche brands like IFBH can still capture attention and money, showcasing the power of unique market positioning in a competitive industry.

IFBH’s success as the top coconut water brand in China for five years is attributed to the country’s high demand for a product it can’t easily produce. Driven by this demand, IFBH’s revenue hit $157.6 million in 2024, with plans for further expansion and product development fueled by IPO proceeds.

Coconut water, once a niche product, is now mainstream in China, appealing to health-conscious consumers. IFBH’s success is also credited to brand collaborations and tie-ups with popular brands like Luckin Coffee and Labubu-maker Pop Mart. The market for coconut water is expected to continue growing in China as consumers prioritize health and wellness.

Read more: A coconut-water maker’s stock soared at its IPO, defying China’s consumer spending slump