UEOPLE Technology, a leading provider of intelligent parking equipment and related products in China, is planning to go public with an initial public offering (IPO) aimed at raising up to $9 million. The company is focused on delivering innovative solutions for intelligent parking and smart travel scenarios in China, with a range of products and services including HD license plate recognition systems, dynamic face recognition systems, and custom hardware products.
Founded in 2012 in Hangzhou, China, UEOPLE Technology has already installed its access control system equipment in parking lots across more than 300 cities in the country. Over the past year alone, the company generated $15 million in revenue and has a strong customer base that includes residential compounds, public parking lots, commercial complexes, airports, schools, office buildings, and industrial parks.
UEOPLE Technology Holding filed confidentially with the SEC on December 27th 2023 and Tiger Brokers is the sole bookrunner on the deal. No pricing terms have been disclosed yet as the company continues to prepare for its public listing under the symbol UEOP. This IPO represents an exciting opportunity for investors to be part of a rapidly growing market for intelligent parking solutions in China.
