According to "First management measure", in principle, the raise funds of the initial public offer of stocks of an issuer should be devoted to main business.

根据《首发管理办法》的规定，发行人首次公开发行募集的资金原则上应当用于主营业务。

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Article 2 the present Measures shall apply to the join-stock limited companies' initial public offer of stocks and the listed companies' issuance of new stocks and convertible corporate bonds.

第二条本办法适用于股份有限公司首次公开发行股票和上市公司发行新股、可转换公司债券。

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Article 2 the present Measures shall be applicable to the join-stock limited companies' initial public offer of stocks and the listed companies' issuance of new stocks and convertible corporate bonds.

第二条本办法适用于股份有限公司首次公开发行股票和上市公司发行新股、可转换公司债券。

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The firms neither admitted nor denied wrongdoing, but did agree to separate research from investment banking, offer clients independent research and ban the issuance of shares in initial public offerings to executives and directors of corporate clients.

FORBES: Magazine Article

For investors looking for alternatives to initial public offerings, which are nearly impossible to get, unpredictable and often disappointing, corporate spinoffs offer a smart and profitable opportunity.

FORBES: Why Spinoff Stocks Are Sizzling (And Should Stay Hot)