Coconut water producer IFBH seeks to raise up to $148 million through a Hong Kong IPO.

According to the announcement of the Hong Kong Stock Exchange, IFBH Limited plans to issue 41.67 million shares at a price of 25.3 to 27.8 Hong Kong dollars per share in its initial public offering in Hong Kong. The company aims to raise up to 1.16 billion Hong Kong dollars. Trading is expected to begin on June 30. CITIC Securities is the sole sponsor.