Shares of IFBH (HKG:6603) skyrocketed 57.55% in their trading debut on the Hong Kong Stock Exchange, reflecting strong investor enthusiasm following the company's highly successful initial public offering (IPO). The Singapore-incorporated beverage maker's stock opened significantly higher in the pre-market session, showcasing robust demand from both institutional and retail investors.

The impressive first-day performance comes on the heels of IFBH's oversubscribed IPO, which raised HK$1.07 billion in net proceeds. The company priced its shares at HK$27.80 apiece, the upper limit of the proposed range, indicating strong market confidence. Notably, the Hong Kong public offering portion was 2,682.35 times oversubscribed, triggering a clawback mechanism that increased the allocation to local investors. The international offering also saw significant interest, being 22.93 times oversubscribed.

As IFBH begins its journey as a publicly-traded company, investors appear optimistic about its growth prospects in the competitive beverage industry. The substantial capital raised through the IPO is expected to fuel the company's expansion plans and strengthen its market position. While it remains to be seen how IFBH will perform in the long term, the strong debut suggests that the market has high expectations for this new entrant in the Hong Kong stock market.