Pre-IPO Tutoring

The mandatory process where a securities firm prepares an A-share company's governance before it files to list.

Pre-IPO tutoring is a mandatory step before an initial public offering (IPO) on China's A-share market: a company first signs a tutoring agreement with a securities firm, files for tutoring registration with the local securities regulatory bureau, and the securities firm then works to bring the company's governance, finance, and internal controls up to standard, while training its directors, supervisors, and executives on securities regulations; only after passing an acceptance review can the company submit its listing application to an exchange. Because the registration filing is published on the securities regulator's website, “Company X has begun listing tutoring” is often treated as the first public signal that it's preparing to go public. Since 2025, several humanoid-robot companies have entered tutoring one after another.

ExampleAccording to Wikipedia, Unitree Robotics began listing tutoring with CITIC Securities in July 2025 and listed on the Shanghai Stock Exchange in August 2026.

Also called

Listing Guidance, IPO Counseling

Related

STAR Market · HKEX Chapter 18C · First Listed Humanoid Robot Stock · Backdoor Listing · Special Purpose Acquisition Company · Funding Rounds & Valuation

Sources

Unitree Robotics - Wikipedia
Initial public offering - Wikipedia

As of

2026-09