Thailand-based beverage company IFBH (06603.HK), which operates the coconut water and coconut-based beverage brands "if" and "Innococo", is launching its IPO in Hong Kong. It proposes to offer 41.6668 million shares globally, with Hong Kong public offering accounting for 10% (around 4.1668 million shares) and international offering accounting for 90% (37.5 million shares).With the offer price ranging from HKD25.3 to HKD27.8 per share, the IPO aims to raise up to around HKD1.158 billion. The entry fee for a board lot of 200 shares is around HKD5,616.07. The IPO will commence today (20th) and close next Wednesday (25th), with the listing of shares expected for June 30.Related NewsM Stanley Views 'Payment Connect' as Moderately Positive for FinancialsIFBH has introduced 11 cornerstone investors for its IPO, which will collectively subscribe to shares worth around HKD310 million. The 11 cornerstone investors include UBS Group (UBS.US) , Harvest Oriental SP, Jain Global Master Fund, and quantitative trading firm Jane Street.(HK stocks quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)