Spacety initiates IPO preparations amid China's booming space industry, aiming to capitalize on government support and growing market demand.
Tianyi Space Technology Research Institute, better known as Spacety, has started preparations for an initial public offering, reports Caixin.
The company disclosed its IPO plans in a filing with the China Securities Regulatory Commission, with Guotai Haitong Securities acting as its adviser.
Founded in 2015, Spacety began by developing scientific research satellites for universities. It has since expanded into producing and operating small-scale synthetic aperture radar remote sensing satellites.
This move reflects a wider trend in China's commercial space sector, where startups are seeking listings to raise funds for growth. Industry momentum is being supported by government policies promoting space commercialization.
