HK Stock Market Move | IFBH (06603) falls more than 4% to a new low, dropping more than 40% from its IPO price. The lock-up period for cornerstone investors will expire at the end of this month.

IFBH (06603) fell more than 4% in the afternoon, hitting a low of HKD 16.55, a drop of over 40% from the IPO price of HKD 27.8. As of the time of writing, it is down 4.06% at HKD 16.56, with a turnover of HKD 19.3481 million. Public information shows that IFBH's core products are coconut-based beverages, with the main brands being if and Innococo. According to Zhoushi Consulting report, in the mainland China market, the company has been the top seller in the coconut water beverage market for five consecutive years since 2020, with a market share of approximately 34% in 2024, surpassing its second largest competitor by more than seven times. It is worth noting that the lock-up period for IFBH's 11 cornerstone investors will end on December 29, 2025, which means there is only one month left before a large-scale unlocking. CMSC previously pointed out that the competition in the coconut water industry is intensifying during the rapid growth phase. As a leading player in the industry, IF has the first-mover advantage in branding and category, focusing on quality-first marketing. Although it is currently facing competition, its position remains relatively stable. In the future, it will need to improve channel control as a support for long-term growth.