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3 clusters · 9 sources · 11 days · First seen · Last updated

Londian Wason New Energy Tech Completes NYSE IPO

Overview

Londian Wason New Energy Tech, a Shenzhen-based manufacturer of electrolytic copper foil, initiated plans for a United States initial public offering on the New York Stock Exchange under the ticker ‘FOIL’. The company originally sought a valuation of up to $1.7 billion, with an aim to raise approximately $78.6 million through the sale of 3.6 million American Depositary Shares.

On August 12, 2026, the company upsized its offering to approximately 4.3 million American Depositary Shares and set a final price of $22.00 per share. This upsized IPO was expected to generate roughly $94.3 million in gross proceeds and $87.0 million in net proceeds. Cantor served as the lead book-running manager, with underwriters including Huatai Securities (USA), CMB International Capital, and others.

Following the completion of the offering, the company debuted on the NYSE on August 14, 2026. On its first day of trading, the stock opened at $26, representing an 18.18% increase over the offering price. Londian Wason noted it is the only copper foil manufacturer globally to pursue a U.S. public listing. The company serves a major global customer base, including LG Energy Solution, CATL, SK On, Samsung SDI, ATL, and Panasonic Industrial Materials. Capital raised is intended for research and development, manufacturing efficiency, facility upgrades, and global production expansion.

Entities

New York Stock Exchange · Londian Wason New Energy Tech Inc. · Guanran Wang · Cantor · Mirae Asset

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    Londian Wason debuts on New York Stock Exchange via $94.3 million IPO

    Londian Wason, a leading electrolytic copper foil manufacturer, debuted on the NYSE under the ticker ‘FOIL’, with shares opening 18.18% above its $22 offering price.

  2. 5 days ago

    [BUSINESS] 7 sources
    Londian Wason sets $22 IPO price for NYSE debut

    Londian Wason New Energy Tech Inc. priced its upsized IPO at $22.00 per ADS, aiming to raise $94.3 million for production expansion and R&D. Trading on the NYSE begins August 12, 2026.

  3. 14 days ago

    [BUSINESS] 3 sources
    Londian Wason New Energy Tech seeks $1.7 bn valuation in US IPO

    Londian Wason New Energy Tech seeks up to $1.7 bn valuation in a U.S. IPO, aiming to raise $78.6 m on the NYSE under “FOIL”, backed by SK Group and Mirae Asset.

Sources

hojemacau.com.mo · kfgo.com · mercomindia.com · negocios.pt · news.cube-soft.jp · paparazzi.com.ar · stocktitan.net · vir.com.vn · wdez.com

This summary has been updated 1 time: see revision history