// Company Overview //
Stock Name Inpai Pharma
Stock Code 07630
Company Full Name Inpai Pharma
Industry 生物医药
Principal Activities 我們是一家處於商業化階段的生物技術公司,致力於在全球範圍內推進基於合成致死機制的精準抗癌療法,打造創新療法,以滿足癌症患者未被滿足的醫療需求。
Listing Date 2026-05-13
Listing Rules Era New Rules (after Aug 2025)
Listing Rules Chapter 18A生物科技
Weighted Voting Rights (WVR) No
Registered Address (Mainland China) 中國江蘇省南京市高新技術產業開發區星火路10號
Business Address (Hong Kong) 香港灣仔皇后大道東248號大新金融中心40樓
Place of Incorporation No data
Listing Method No data
Listing Board Main Board
Website impacttherapeutics.com
Share Registrar 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited)
Registrar Contact (852)2862 8628
A-Share/US Dual Listing No
// Offering Information //
Offering Mechanism
机制B
Clawback Tiers 机制B不设回拨,公开发售占比维持10.0%
Offer Period 2026-05-05 to 2026-05-08
Offer Price HK$ 20.10 / shares
Offer Price Range Final offer price only, no range
Lot Size 200 shares
Entry Threshold HK$ 4,020
Par Value RMB 1.0 / shares
Global Offering Shares 41,977,000
HK Public Offering Shares 4,197,800 (10.0%)
International Placing Shares — (0.0%)
Offer Ratio ~15.2%
Total Shares Post-IPO 276,165,130 shares
Total Global Offering Size HK$ 843,737,700
Public Offering Size HK$ 84,375,780 (10.0%)
Oversubscription Multiple 2,282.4x
Valid Applications 221,788
Accepted Applications 18,774
Reallocation No
Total Funds Raised HK$ 84,375,780
Greenshoe (Over-allotment Option) No
Final Public Offering Share 10.0%
// Valuation & Financials //
Market Cap (at Offer Price) HK$ 5,550,919,113
Pre-IPO Valuation (Last Round) No data
P/E Ratio 不適用(公司處於虧損狀態)
Profit/Loss Status 虧損人民幣295.9百萬元
Period-End Cash Balance 人民币230,100,000元
Listing Expenses ~HK$ 84,200,000
Listing Expenses / Funds Raised No data
Total Pre-IPO Investment No data
// First Day Performance
First Day Close Loading...
First Day Open HK$ 35.5
First Day Change 108.26%
First Day Volume 15135000.0
First Day Turnover 544227000.0
// Price Chart //
// Use of Proceeds
Use of Proceeds 1、約51%或398.37百萬港元將用于為核心產品塞納帕利正在進行及計劃中的臨床開發、監管批準以及商業化提供資金;
2、約31%或242.15百萬港元將用于為關鍵產品IMP1734及IMP9064正在進行的臨床開發提供資金;
3、約8%或62.49百萬港元將用于為其他管線資產、IMP1707、IMP7068、IMP22、IMP25、IMP08、IMP13及IMP10的研發活動提供資金;
4、約8%或62.49百萬港元將用于為研發平臺的開發及擴大藥物管線提供資金;
5、約2%或15.62百萬港元將用于營運資金及其他一般公司用途。
// Underwriting Syndicate //
联席保荐人 (2)
高盛(亚洲)有限责任公司
中国国际金融香港证券有限公司
保荐人兼整体协调人 (1)
高盛(亚洲)有限责任公司
整体协调人 (3)
高盛(亚洲)有限责任公司
中国国际金融香港证券有限公司
招银国际融资有限公司
联席全球协调人 (3)
高盛(亚洲)有限责任公司
中国国际金融香港证券有限公司
招银国际融资有限公司
联席账簿管理人 (4)
高盛(亚洲)有限责任公司
中国国际金融香港证券有限公司
招银国际融资有限公司
老虎证券(香港)环球有限公司
联席牵头经办人 (4)
高盛(亚洲)有限责任公司
中国国际金融香港证券有限公司
招银国际融资有限公司
老虎证券(香港)环球有限公司
资本市场中介人 (4)
高盛(亚洲)有限责任公司
中国国际金融香港证券有限公司
招银国际融资有限公司
老虎证券(香港)环球有限公司
// Service Providers //
Role Institution
本公司法律顾问
科律香港律师事务所
君合律师事务所
保荐人/包销商法律顾问
Kirkland & Ellis
天元律师事务所
核数师兼申报会计师
安永会计师事务所
行业顾问
弗若斯特沙利文(北京)咨询有限公司上海分公司
合规顾问
浤博资本有限公司
收款银行
招商永隆银行有限公司
H股证券登记处
香港中央证券登记有限公司
// Cornerstone Investors //
Allotment Results Announcement
# Investor Name Shares Subscribed % of Offer Shares % of Total Shares Lock-up Period Est. Unlock Date
1
DechengIMPACTLimited
23,559,685
8.53%
—
2027-05-12
2027-05-12
2
廣西騰訊創業投資有限公司
15,593,533
5.65%
—
2027-05-12
2027-05-12
3
上海禮瀚生物科技合夥企業
14,640,236
5.30%
—
2027-05-12
2027-05-12
4
LAVEnterprise
14,220,861
5.15%
—
2027-05-12
2027-05-12
5
BOUNDLESSCREEK,LLC
10,875,618
3.94%
—
2027-05-12
2027-05-12
6
LAVInnovation(Hong
8,789,975
3.18%
—
2027-05-12
2027-05-12
7
蘇州高特佳信銀匯鑫股權投資
8,615,202
3.12%
—
2027-05-12
2027-05-12
8
蔡遂雄
8,422,233
3.05%
—
2027-05-12
2027-05-12
9
田野
8,422,233
3.05%
—
2027-05-12
2027-05-12
10
蘇州禮瑞股權投資中心(有限
8,368,406
3.03%
—
2027-05-12
2027-05-12
11
揚州國金英派生物醫藥創業投
7,944,585
2.88%
—
2027-05-12
2027-05-12
12
上海君實生物醫藥科技股份有
7,907,133
2.86%
—
2027-05-12
2027-05-12
13
LAVIntegraLimited(「LAV
6,846,397
2.48%
—
2027-05-12
2027-05-12
14
LAVImpetusLimited(「LAV
6,725,827
2.44%
—
2027-05-12
2027-05-12
15
上海康鋆企業管理諮詢合夥企
6,030,649
2.18%
—
2027-05-12
2027-05-12
16
北京新動力股權投資基金(有
6,030,642
2.18%
—
2027-05-12
2027-05-12
17
蘇州禮康股權投資中心(有限
5,139,637
1.86%
—
2027-05-12
2027-05-12
18
泰客戶TRS而言)
4,775,600
1.73%
—
2026-11-12
2026-11-12
19
上海譽楠企業管理合夥企業
4,580,233
1.66%
—
2027-05-12
2027-05-12
20
武漢光谷生物城華嶺基金合夥
4,362,991
1.58%
—
2027-05-12
2027-05-12
21
海南躍馬爭春創業投資中心
4,307,601
1.56%
—
2027-05-12
2027-05-12
22
杭州萬全島生物醫藥科技合夥
4,274,984
1.55%
—
2027-05-12
2027-05-12
23
廈門建發新興產業股權投資柒
4,013,156
1.45%
—
2027-05-12
2027-05-12
24
EverspringGQInvestment
3,664,188
1.33%
—
2027-05-12
2027-05-12
25
廣州越秀生物產業創業投資基
3,588,778
1.30%
—
2027-05-12
2027-05-12
26
上海華嶺智新投資合夥企業
3,558,211
1.29%
—
2027-05-12
2027-05-12
27
黃河
3,117,800
1.13%
—
2026-11-12
2026-11-12
28
黃河投資有限公司(「黃
3,117,800
7.43%
1.13%
—
—
29
無錫藥明康德一期投資企業
3,029,306
1.10%
—
2027-05-12
2027-05-12
30
杭州千溪山生物醫藥科技合夥
2,986,905
1.08%
—
2027-05-12
2027-05-12
31
BaoJun
2,767,497
1.00%
—
2027-05-12
2027-05-12
32
共青城瑞吉三期投資合夥企業
2,372,140
0.86%
—
2027-05-12
2027-05-12
33
ChinaSummitCapitalLimited
2,290,117
0.83%
—
2027-05-12
2027-05-12
34
HomericSummitCapital
2,290,117
0.83%
—
2027-05-12
2027-05-12
35
上海禮灝生物科技合夥企業
2,290,116
0.83%
—
2027-05-12
2027-05-12
36
DingxinCapitalBiotech
2,290,116
0.83%
—
2027-05-12
2027-05-12
37
EagleMindInvestments
2,290,116
0.83%
—
2027-05-12
2027-05-12
38
蘇州工業園區新建元生物創業
2,134,448
0.77%
—
2027-05-12
2027-05-12
39
杭州海邦藥谷從正創業投資合
2,134,448
0.77%
—
2027-05-12
2027-05-12
40
蘇州禮潤股權投資中心(有限
2,125,370
0.77%
—
2027-05-12
2027-05-12
41
VisionFund1
993,800
0.36%
—
2026-11-12
2026-11-12
42
Vision Fund 1 SP
993,800
2.37%
0.36%
—
—
43
LAVStar
974,200
0.35%
—
2026-11-12
2026-11-12
44
LAVOpportunities
974,200
0.35%
—
2026-11-12
2026-11-12
45
FirstQuarterMoonOFC–PhecdaFund
974,200
0.35%
—
2026-11-12
2026-11-12
46
ProsperHigh
776,000
0.28%
—
2026-11-12
2026-11-12
47
GSCFund1
565,000
0.20%
—
2026-11-12
2026-11-12
48
WWHCP
389,600
0.14%
—
2026-11-12
2026-11-12
49
HorizonFund1
194,800
0.07%
—
2026-11-12
2026-11-12
50
HorizonNextFund
194,800
0.07%
—
2026-11-12
2026-11-12
51
Horizon Fund 1 SP
194,800
0.46%
0.07%
—
—
52
于慶貞
39,722
0.01%
—
2027-05-12
2027-05-12
// Directors & Management //
Chairman 徐聰
Company Secretary 韓一凡
執行董事 (3)
# Name English Name Type
1
蔡遂雄
—
執行董事
2
田野
—
執行董事
3
马宁
—
執行董事
非執行董事 (3)
# Name English Name Type
1
徐聪
—
非執行董事
2
Qiang XU
—
非執行董事
3
刘涛
—
非執行董事
獨立非執行董事 (3)
# Name English Name Type
1
郭明
—
獨立非執行董事
2
萧志雄
—
獨立非執行董事
3
邵黎明
—
獨立非執行董事
// Major Shareholders //
Major Shareholders & Holdings 施毅博士透過LAV實體持有38,470,660股H股(13.93%);上海禮曜投資管理有限公司及陳飛博士透過上海禮瀚等實體持有32,563,765股H股(11.79%);Decheng IMPACT Limited持有23,559,685股H股(8.53%);騰訊控股有限公司持有19,365,333股H股(7.01%)。
// Allotment Benchmarks //
Expand Allotment Tiers ▼ ▾
Pool A (Small Subscriptions)
Shares Applied Applicants Allottees Expected Lots
200
67,375
1,010
0.01
400
31,423
487
0.02
600
7,145
114
0.02
800
4,135
68
0.02
1,000
5,633
96
0.02
1,200
2,889
51
0.02
1,400
2,481
45
0.02
1,600
2,331
43
0.02
1,800
2,223
43
0.02
2,000
21,604
422
0.02
3,000
5,244
115
0.02
4,000
6,287
153
0.02
5,000
2,883
77
0.03
6,000
1,867
55
0.03
7,000
1,308
41
0.03
8,000
1,141
39
0.04
9,000
1,085
40
0.04
10,000
7,202
282
0.04
20,000
6,048
380
0.06
30,000
4,890
424
0.09
40,000
4,190
463
0.12
50,000
2,441
328
0.12
60,000
1,914
302
0.15
70,000
1,434
260
0.17
80,000
1,524
313
0.20
90,000
1,259
289
0.23
100,000
8,062
2,041
0.25
200,000
5,128
2,514
0.50
Pool B (Large Subscriptions)
Shares Applied Applicants Allottees Expected Lots
300,000
5,016
3,182
0.60
400,000
1,603
1,199
0.80
500,000
903
778
0.75
600,000
503
503
0.90
700,000
397
33
1.05
800,000
250
50
1.20
900,000
184
57
1.35
1,000,000
444
191
1.50
1,250,000
227
162
1.87
1,500,000
148
148
2.25
1,750,000
127
35
2.62
2,098,800
840
572
3.15
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