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Londian Wason New Energy Tech Completes NYSE IPO

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2026-08-12 06:13 UTC → 2026-08-14 16:02 UTC · added ~~removed~~

Londian Wason New Energy Tech US Completes NYSE IPO

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. By 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 is 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 ~~intends to utilize~~ noted it is the ~~capital~~ 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 improvements,~~ efficiency, facility upgrades, and global production expansion.

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