The Securities Regulatory Commission agreed to the IPO registration of Aotuo Technology's Science and Technology Innovation Board

The Zhitong Finance App learned that on September 18, the Securities Regulatory Commission issued the “Approval on Agreeing to Register the Initial Public Offering of Shares by Aotuo Technology Co., Ltd.” According to reports, Aotuo Technology plans to be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Huatai Securities is its sponsor and plans to raise 525 million yuan.

According to the prospectus, the company is a national-level specialized and innovative “little giant” enterprise focusing on R&D, production and sales of programmable logic controllers (PLCs). Among them, medium and large PLCs are the company's core products. The company is one of the earliest technology-innovative enterprises engaged in independent development of medium and large PLCs in China. Since its establishment, it has been engaged in PLC localization research for nearly 20 years. Currently, it has developed and formed two major product series, NA General Series and NJ Autonomous Controllable Series, to achieve autonomous and controllable software and hardware.