Chinese parking equipment provider, UEOPLE Technology Holding, files for a $9 million US IPO: UEOP IPO News

UEOPLE Technology, a Chinese company based in Hangzhou, has filed with the SEC for an initial public offering. The company specializes in providing intelligent parking equipment and related products. Their product line includes access control systems like HD license plate recognition and dynamic face recognition systems, as well as custom hardware products.

UEOPLE Technology’s primary focus is on offering equipment for intelligent parking and smart travel scenarios in China. The company caters to a diverse range of customers, including residential compounds, public parking lots, commercial complexes, airports, schools, office buildings, and industrial parks. They have already installed their access control system equipment in parking lots across 300 cities in China. In the 12 months ended December 31, 2023, the company generated $15 million in revenue.

UEOPLE Technology plans to list on the Nasdaq under the symbol UEOP. Tiger Brokers is the sole bookrunner on the deal. Pricing terms have not been disclosed yet. The company initially filed confidentially on December 27th and is now moving forward with their IPO to raise funds for further expansion and development of their intelligent parking equipment and services.

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