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 American depositary shares on the New York Stock Exchange under ticker "FOIL," following its upsized initial public offering of approximately 4.3 million ADSs priced at $22.00 each, raising $94.3 million.
- As the world's largest supplier of lithium-ion battery copper foil, Londian Wason held 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, supported by a dedicated R&D team of 428 professionals; the manufacturer was the first globally to achieve mass production of 6µm and 4µm high-strength copper foil.
- The company expects to net approximately $87.0 million from the offering, designated primarily for global production expansion, facility upgrades, and research into advanced manufacturing technologies.
- Closing is expected 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 approximately 642,857 additional ADSs.
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US stocks: Londian Wason valued at $2 billion, biggest Chinese debut in New York in over a year
Copper foil producer Londian Wason has officially launched on the NYSE, reaching a remarkable valuation of more than two billion dollars. The firm raised ninety-four million dollars through an expanded offering ahead of its stock market debut. This is particularly noteworthy, as it represents the biggest Chinese IPO in the U.S. in over a year.
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...
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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…
London Wason starred in a Chinese company’s largest stock market outing in New York in over a year and closes its first listed day with an 11.36% rise. Read
The copper plate manufacturer London Watson completed the largest listing of a Chinese company on the New York Stock Exchange in more than a year, despite bilateral tensions and regulatory scrutiny.
Londian Wason’s $2 Billion Valuation Marks Largest Chinese IPO in New York in Over a Year
Copper foil maker Londian Wason New Energy Tech debuted on the New York Stock Exchange with a valuation of $2.01 billion, making it the largest IPO of a Chinese company in the U.S. in more than a year. The Shenzhen-based company's shares opened at $26 apiece, surpassing their offer price of $22, following a $94.3 million raise in an upsized offering the day before. Despite the success of the first day, experts caution that the U.S. market may no…
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