In today’s briefing:
- IFBH IPO Lockup – US$262m Lockup Release but the Stock Has Nosedived
- Rains Pound Thailand in October, yet Exports Scale up Amid Price Support
IFBH IPO Lockup – US$262m Lockup Release but the Stock Has Nosedived
- IFBH (6603 HK) raised US$169m (including over-allocation) from its Hong Kong IPO in June 2025. The lockup on its cornerstone, pre-IPO investors and controlling shareholders is set to expire soon.
- IFBH specializes in ready-to-consume beverages and food, with a focus on coconut water and plant-based products.
- In this note, we will talk about the lockup dynamics and possible placement.
Rains Pound Thailand in October, yet Exports Scale up Amid Price Support
Highlights
China’s share in total Thai exports shoot up to 40% in October
US imports from Thailand nosedives amid manufacturing lull
South Korea moves up and Japan moves down month-on-month
- Heavy rainfall in early October—linked to the residual impact of Typhoon Matmo—disrupted tapping activity and tightened raw-material availability in key producing regions of Thailand. Flooding, reported in parts of the country during the second week of the month, reinforced supply concerns
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