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Chinese company Yi Po (YBZN) files for IPO on Nasdaq

By Daniel Tyson

17:11, 3 February 2022

Colorful cars in a parking lot
Chinese company Yi Po files SEC paperwork to go public - Photo: Shutterstock

Chinese parking lot management system Yi Po International Holdings filed this week to raise $25m (£18.38m) in an initial public offering. 

The Nanjing, Chana-based company did not list a share price range or number of ordinary shares it plans to sell in its F-1 registration statement.

The company has requested the ticker YBZN on the Nasdaq stock market. No offering date was given in its government paperwork. Boustead Securities is the underwriter. 

China has more than 300 million registered motor vehicles in 2020, 270 million of which are cars, which is about the same number as in the US.

Company technology

The company’s management technology platform is geared towards parking lot operators seeking to increase efficiency and offerings for their vehicle owners’ customers.

The company’s primary offerings include:

  • Automatic vehicle login
  • Entrance and exit authentication
  • Vehicle monitoring
  • Charging management
  • Navigation guidance
  • Parking space search

Yi Po had a fair market value investment of $290,000 as of 20 June 2021 from investors including Chairman and CEO Weiming Jin, the SEC paperwork states. 


16,229.30 Price
+0.960% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


4,622.40 Price
+0.410% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.8


16,312.90 Price
+0.200% 1D Chg, %
Long position overnight fee -0.0258%
Short position overnight fee 0.0039%
Overnight fee time 22:00 (UTC)
Spread 30.0


36,416.10 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2

Jin started with the company in August 2018 after serving as Chairman and CEO of Lanzhou Kangzheng Hengxin Automobile Sales Co.

Dealer acquisitions

Yi Po plans to sell its systems to lot operators though regional dealers with a primary emphasis on the transportation, property management and urban planning industries.

Sales and marketing expenses as a percentage of total revenue have risen as revenues have increased, the F1 states.

Revenues expected to grow 

According to a 2021 market research report by Mordor Intelligence, the global parking management market had revenues of $3.5bn in 2020 and is forecast to grow to $6.5bn by 2026, amounting to a compound annual growth rate of 10.3%.

“The main drivers for this expected growth are increased urbanisation resulting in growing car parking demand and a desire from operators for greater efficiencies in operation,” according to the F-1.

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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