科创板试点IPO预先审阅机制 划定适用情形

Core Viewpoint - The Shanghai Stock Exchange (SSE) has introduced a pre-review mechanism for IPO applications of high-quality technology companies, aiming to enhance the efficiency of the IPO process and reduce the costs associated with listing preparations [1][2]. Group 1: Pre-Review Mechanism - The pre-review mechanism is designed to help technology companies mitigate potential negative impacts from early disclosure of business and technical information [2][3]. - Companies engaged in key core technology development or meeting specific criteria can apply for pre-review before formally submitting their IPO applications [2][3]. - The pre-review process and its results will remain confidential and not disclosed to the public [2][4]. Group 2: Application Requirements - Issuers must submit pre-review application documents in accordance with existing disclosure guidelines, clearly marking them as "pre-review documents" [3]. - The sponsor must verify the issuer's eligibility for pre-review and provide an opinion on the application [3][4]. Group 3: Review Process and Confidentiality - The SSE will conduct the pre-review by asking questions and receiving responses from the issuer, following the established IPO review procedures [3][4]. - Information and documents from the pre-review phase will not be made public, and upon formal IPO submission, issuers must disclose all relevant documents as per the IPO rules [4][5]. Group 4: Responsibilities and Limitations - Issuers, sponsors, and related personnel must ensure the accuracy and completeness of the documents provided, committing to self-regulation by the SSE [4][5]. - The pre-review does not equate to a pre-confirmation of the issuer's compliance with listing conditions or disclosure requirements [5][6].