A coconut-water maker's stock soared at its IPO, defying China's consumer spending slump

Thai coconut-maker IFBH's stock surged 67% on its Hong Kong debut. - IFBH's IF coconut water has one-third of the market share in China. - Coconut water is a fast-growing market in China as consumers are increasingly health-conscious. Stock of a China-focused coconut-water beverage surged on its…