The pilot IPO pre-review mechanism of the Science and Technology Innovation Board is clear
2025-07-13 07:11:25
On July 13, the Shanghai Stock Exchange issued the "Guidelines for the Application of Issuance and Listing Review Rules No. 7 - Pre-Review". Eligible enterprises can apply to the Shanghai Stock Exchange for pre-review of their application documents before officially filing for an IPO on the Science and Technology Innovation Board. The "Pre-Review Guidelines" clarify the applicable circumstances, that is, "technology-based enterprises that carry out key core technology research or meet other specific circumstances may have a material adverse impact on their production and operation due to premature disclosure of business technical information and listing plans. If it is really necessary," they can apply for pre-review.
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