Can the subsidiaries of listed companies go public independently?

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: Measures for the Administration of Initial Public Offering and Listing.

Article 8 An issuer shall be a joint stock limited company established and existing according to law. With the approval of the State Council, when a limited liability company is changed into a joint stock limited company according to law, it may offer shares to the public by way of establishment.

Article 9 After the establishment of a joint stock limited company, the issuer shall continue to operate for more than three years, unless it is approved by the State Council. Where a limited liability company is converted into a joint stock limited company according to the original book net asset value, the time for continuous operation can be calculated from the date of establishment of the limited liability company.

Article 10 The registered capital of the issuer has been paid in full, the procedures for transferring the property rights of the assets contributed by the promoters or shareholders have been completed, and there is no major ownership dispute over the issuer's main assets.