Keytop Parking INC. Launches Global Offering Ahead of Hong Kong Listing

Keytop Parking INC., a provider of AI-powered smart parking solutions in China, initiated its global offering on June 17, 2026. The company is expected to commence trading on the Main Board of the Stock Exchange of Hong Kong Limited on Friday, June 26, 2026.

The company specializes in smart parking systems, management services, and the operation of parking facilities and platforms. Keytop Parking offers solutions for a variety of locations, including large commercial complexes, office buildings, residential communities, and logistics parks. In 2024, based on revenue, Keytop ranked second in China's smart parking space operation market with a 3.3% market share.

The global offering consists of 10,112,280 H Shares priced at HK$39.55 per share. The offering is split between a Hong Kong public offering and an international placing. The company anticipates net proceeds of approximately HK$339.9 million before the exercise of any over-allotment option. These funds are earmarked for research and development, expanding operational scale, and enhancing marketing and service networks.

Keytop Parking reported a revenue increase of 8.3% from RMB 738.0 million in 2023 to RMB 799.5 million in 2024, followed by a further 3.9% growth to RMB 830.6 million in 2024. Specifics on profit development were not provided.