UEOPLE Technology Holding, a provider of intelligent parking equipment and related products in China, has filed with the SEC to raise up to $9 million in an initial public offering. The company is focused on delivering equipment for intelligent parking and smart travel scenarios in China, offering access control system equipment like HD license plate recognition systems and dynamic face recognition systems, as well as custom hardware products. These products and services cater to a variety of customers including residential compounds, public parking lots, commercial complexes, airports, schools, office buildings, and industrial parks.
Since its founding in 2012 in Hangzhou, China, UEOPLE Technology has installed its access control system equipment in parking lots in approximately 300 cities across China. The company generated $15 million in revenue for the 12 months ended December 31, 2023, and is planning to list on the Nasdaq under the symbol UEOP. UEOPLE Technology Holding filed confidentially on December 27, 2023, and Tiger Brokers is the sole bookrunner on the deal. As of now, no pricing terms for the IPO have been disclosed.