UEOPLE Technology Holding, which provides intelligent parking equipment and related products in China, filed on Friday with the SEC to raise up to $9 million in an initial public offering.
UEOPLE Technology is focused on providing equipment used in intelligent parking and smart travel scenarios in China. The company offers access control system equipment, such as HD license plate recognition system and dynamic face recognition system, as well as custom hardware products. Its products and services are used by various types of customers including residential compound, public parking lots, commercial complexes, airports, schools, office buildings, and industrial parks. To date, UEOPLE Technology has installed its access control system equipment in parking lots in approximately 300 cities across China.
The Hangzhou, China-based company was founded in 2012 and booked $15 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol UEOP. UEOPLE Technology Holding filed confidentially on December 27, 2023. Tiger Brokers is the sole bookrunner on the deal. No pricing terms were disclosed.
