IFBH Ltd (6603 HK) is a Thailand-based company specializing in ready-to-consume beverages, such as coconut water and fruit juice-based drinks. A spin-off from the international business of General Beverage, IFBH focuses on the if and Innococo brands in markets outside of Thailand. The company plans to list on the Hong Kong Stock Exchange on June 30, 2025. It is offering 41.67 million shares, priced between HKD 25.30 and HKD 27.80. The IPO aims to raise approximately HKD 1.16 billion (USD 147.56 million). IFBH Ltd reportedly plans to use the proceeds for research and development, brand promotion and business development, as well as for working capital and strategic acquisitions.