Published • loading... • Updated
Global Copper Foil Leader Londian Wason Announces Pricing of Upsized Initial Public Offering
The company expects $87 million in net proceeds to fund production expansion, facility upgrades and research and development.
- On Wednesday, August 12, 2026, Londian Wason began trading its American depositary shares on the New York Stock Exchange under ticker symbol "FOIL," pricing its upsized offering at $22.00 per share to raise $94.3 million.
- As the world's largest supplier of lithium-ion battery copper foil, Londian Wason holds a 7.6% global market share and supplied approximately 111,985 metric tons in 2025 to major manufacturers including CATL and BYD.
- Revenue reached 10.942 billion RMB in FY2025, bolstered by a dedicated R&D team of 428 professionals; the company achieved the first global mass production of 6µm and 4µm high-strength copper foil.
- Approximately $87.0 million in net proceeds will fund the company's global production expansion, facility upgrades, and research into advanced manufacturing technologies.
- The offering is expected to close on August 13, 2026, subject to customary conditions, while lead book-running manager Cantor Fitzgerald and other underwriters hold a 30-day option to purchase an additional approximately 642,857 shares.
Insights by Ground AI
41 Articles
41 Articles
China’s Londian Wason valued at $2 billion as shares rise in NYSE debut
Aug 12 (Reuters) - Copper foil maker Londian Wason New Energy Tech was valued at $2.01 billion in its New York Stock Exchange debut on Wednesday, marking the largest IPO of a Chinese company in the U.S. in more than a year. The Shenzhen-based company...
The Logan Banner+39 Reposted by 39 other sources
Global Copper Foil Leader Londian Wason Announces Pricing of Upsized Initial Public Offering
NEW YORK, Aug. 11, 2026 /PRNewswire/ -- LONDIAN WASON NEW ENERGY TECH INC. ("Londian Wason" or the "Company"), leading global researcher, developer, and manufacturer of electrolytic copper foil, announced the pricing of its upsized initial public offering of approximately 4.3…
Coverage Details
Total News Sources41
Leaning Left3Leaning Right6Center26Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
C 74%
R 17%
Factuality
To view factuality data please Upgrade to Premium
