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Information Breach Record Holds:a Houston-based co-branding company has expanded its footprint globally with a successful IPO, which has also brought significant wealth to its CEO.

IFBH, the Thai parent company behind IF, the largest available coconut water brand in China, went public in Hong Kong on Monday with a<H crossing 42% in share price, reaching a market cap of $1.3 billion. This IPO saw the company secure $1.16 billion in capital through a 41.7 million HK$25.3-27.8 range float sale by its subsidiary General Beverage in Bangkok yesterday. Recognizing its success, Pongsakorn Pongsak, the founder of IFBH, CEO and largest shareholder, reached multi-millionaire status with a $807 million net worth. Forbes estimates Pongsak earned this wealth by holding 60% in IFBH, as the parent company owns 91% of IFBH and General Beverage holds 60% of IFBH.

The IPO’s stellar success has attracted discerning investors, including prominent names such as Black Dragon Capital, HongShan Holding Management, Jain Global, Jane Street, UBS Asset Management, and Temasek Hong Shenzhen, resulting in a significant portion of the funds used for the IPO deriving from these wealthy investors. As the company moves forward, Pongsak claimed it will "build upon innovation, strengthen s Miruka penetration in Mainland China, and expand its operations in Australia, the Americas, and Southeast Asia." The CEO emphasized that IFBH will continue its lifelong quest to invest in R&D, enhance sourcing capabilities, and strengthen brand sustainability.

IFBH is best known for its IF-branded coconut water, a highly-acclaimed beverage for its notion of health, made of clear coconut water with a slight sweetness. During last year’s fiscal year, the company contributed more than 92% of its revenue to Mainland China, with the rest distributed across Hong Kong and other international markets. In 2024, IFBH sales surged 80% year-on-year to HK$157.6 million and net profit nearly doubled to HK$33.3 million. This growth was attributed to increased sales volume in Mainland China, which dominated the company’s 2024 financial outcome.

Despite its dominant position after five years, IFBH has a lean and efficient team with only 46 employees, largely due to its "asset-light" business model. By 2022, Pongsak had founded General Beverage, the parent company of IFBH, and took over IF in 2015 and continued sales in Mainland China in 2017. His tenacious innovation led to the launch of plant-based snacks, such as coconut crispy rolls, as well as products tailored to local preferences in the country. In late 2022, he co-founded IFBH to operate outside Thailand.

Since its IPO success in June 2025, Hong Kong has been a recipients of high investor interest, driven by a stronger focus on Chinese tech and the diversification of global investment portfolios. Over the past six months, Hong Kong has listed 41 companies, raising over HK$104 billion in total funds. Among them is Zhou Liu Fu Jewellery, which surged over 70% in its first two trading days on May 10, bringing its chairman to prominence. This success also highlights the city’s growing importance as a listed venue.

IFBH’s continued success since its IPO is a testament to its commitment to innovation, R&D, and sustainability. With strong fundamentals and a highly-lsed team, the dynamics of IFBH’s_operations seem to be in a favorable position for long-term growth. As the company maintains its focus on creating health-conscious and sustainable products, its ability to compete县城 Expansion and expand DY facile vide ingetDisplay slots is likely to justify its continued Brazilian lead. However, the city’s overall economic strength and robust real estate market further demonstrate its role as one of the world’s top financing hubs moving forward.


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