What is ipo listing?

The listing of IOP is the first time that a joint-stock company has publicly issued its own shares to the public and listed on the stock exchange. It should be noted that ordinary limited liability companies are not allowed to apply for IPO listing. However, limited liability companies can be transformed into joint-stock enterprises through joint-stock reform, or they can go public.

IOP listing process: 1, material acceptance and release. The staff of the Acceptance Department of China Securities Regulatory Commission accepted the initial application documents according to the requirements of the Rules of Procedure for the Implementation of Administrative Licensing of China Securities Regulatory Commission (Order No.66 of the CSRC) and the Measures for the Administration of Initial Public Offering and Listing (Order No.32 of the CSRC), and forwarded them to the Supervision Department according to the procedures. After receiving the application documents, the general office of the issuance supervision department will distribute them to the first and second audit rooms and send them to the National Development and Reform Commission for comments. Audit Bureau 1 and Audit Bureau 2 determine auditors according to the issuer's industry, relevant requirements for official evasion and the workload of auditors.

2. Meeting session. The purpose of the meeting is to establish a preliminary communication mechanism between the issuer and the issuance supervision department. At the meeting, the issuer briefly introduced the basic situation of the enterprise, and the person in charge of the issuance supervision department introduced the procedures, standards, concepts and disciplinary requirements of the issuance review. The meeting will be arranged according to the order in which the application documents are accepted. Generally, on Monday, the general office will notify the relevant issuers and their sponsors. The participants at the meeting included the issuer's representative, the issuance supervision department, the person in charge of the office, the person in charge of the first audit office and the second audit office.

3. Review the link. The audit mechanism aims to urge and remind the sponsor institutions and their sponsor representatives to do due diligence work, and arrange it before and after the feedback meeting. Participants include auditors of Audit I and Audit II, two signed sponsor representatives and relevant persons in charge of the sponsor institution.