Impact Therapeutics-B's stock plummeted 5.18% during intraday trading on Thursday.
The decline reflects mounting profit-taking pressure following the company's explosive IPO debut. Impact Therapeutics listed on the Hong Kong Stock Exchange earlier this month, with its public offering oversubscribed by 2,282.4 times and surging 108.26% on the first day. Since then, the stock has retreated over 15% from its post-listing high as early investors lock in gains.
Fundamentally, the company remains in a loss-making phase, reporting a net loss of approximately RMB 296 million for 2025 on revenue of only RMB 38.25 million, insufficient to cover its intensive R&D expenditures. This limited fundamental support for its elevated valuation appears to be compounding selling pressure.
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