Can a subsidiary go public after the parent company goes public?

Legal analysis: it can be listed. However, the premise is that its subsidiaries have been operating for more than 3 years and are joint-stock companies. The shares of listed subsidiaries will be distributed to the shareholders of the parent company in proportion, which is called spin-off. According to relevant regulations, the subsidiary is an independent legal person.

Legal basis: Article 11 of the Company Law of People's Republic of China (PRC). To establish a company, the articles of association must be formulated according to law. The Articles of Association are binding on the Company, shareholders, directors, supervisors and senior management.

Article 490 of the Civil Code of People's Republic of China (PRC): If the parties conclude a contract in the form of a contract, the contract is concluded when the parties sign, seal or fingerprint it. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it. A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.