Autozi Internet Technology, which sells parallel import cars and auto parts in China, filed on Friday with the SEC to raise up to $29 million in an initial public offering.
Autozi provides automotive products and services through online and offline channels in China. The company's business segments include new car sales, primarily parallel import cars; auto parts and auto accessories sales, primarily lubricating oil; and automotive insurance related services.
The Beijing, China-based company was founded in 2010 and booked $108 million in sales for the 12 months ended March 31, 2023. It plans to list on the Nasdaq under the symbol AZI. Autozi Internet Technology filed confidentially on January 18, 2023. Tiger Brokers is the sole bookrunner on the deal. No pricing terms were disclosed.
