Yi Po International Holdings, which operates parking lots and provides parking lot equipment in China, filed on Friday with the SEC to raise up to $27 million in an initial public offering.
The company offers intelligent parking management systems and intelligent parking lot gate products in 42 parking lots across 18 cities in China, including 6 lots that it operated itself.
The Nanjing, China-based company was founded in 2018 and booked $4.0 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol YBZN. Boustead Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
