Londian Wason sets $22 IPO price for NYSE debut

Londian Wason New Energy Tech Inc., a manufacturer of electrolytic copper foil, has priced an upsized initial public offering of approximately 4.3 million American depositary shares (ADSs) at $22.00 per ADS. The offering is expected to generate approximately $94.3 million in gross proceeds and about $87.0 million in net proceeds.

The company intends to use the funds to support global production expansion, facility upgrades, research and development of advanced technologies, and improvements in manufacturing efficiency. Trading on the New York Stock Exchange is expected to commence on August 12, 2026, under the ticker symbol ‘FOIL’, with the offering scheduled to close on August 13, 2026.

Underwriters have been granted a 30-day option to purchase up to an additional 642,857 ADSs. Cantor is serving as the lead book-running manager for the offering.