NEW YORK, Aug. 13, 2026 /PRNewswire/ — LONDIAN WASON NEW ENERGY TECH INC. (“Londian Wason” or the “Firm”), a number one world producer of electrolytic copper foil, at the moment accomplished its official itemizing on the New York Inventory Trade (NYSE) underneath the ticker image “FOIL”. Cantor Fitzgerald & Co., Huatai Securities (USA), Inc., CMB Worldwide Capital Restricted, US Tiger Securities, Inc., Fortune Securities, BOCOM Worldwide, and VC Brokerage Restricted acted as underwriters for this preliminary public providing (IPO), and supplied a complete of roughly 4.3 million American Depositary Shares (“ADS”) at US$22.00 per ADS. On its debut buying and selling day, the inventory opened at $26.00 per share, representing an 18.18% enhance from the IPO providing worth.
Copper foil is a key materials and element used extensively in batteries, copper clad laminate (CCL) and PCB functions. The corporate was the world’s largest provider of lithium-ion battery (“LiB”) copper foil by way of gross sales quantity in 2025. As a pacesetter within the world electrolytic copper foil market, Londian Wason has established a high-quality and diversified world buyer base, serving prime world producers for batteries, CCL and PCB. Together with LG Vitality Answer, CATL, SK On, Samsung SDI, ATL, and Panasonic Industrial Supplies.
Londian Wason is a producer with a full-stack product protection to totally different functions, together with ultra-thin battery copper foil and PCB foil starting from HTE to HVLP specs.
Londian Wason is the one copper foil producer on the planet that selected to go public within the US.
Mr. WANG Guanran, Chairman and Co-Chief Government Officer of Londian Wason: “As an trade chief, we’ve got persistently pushed the evolution of merchandise and options within the copper foil trade. With the profitable IPO, we stay up for persevering with to advance our technique to scale-up our key product vary with our ultra-thin and excessive tensile efficiency battery foil product ranges, in addition to our VLP, RTF and HVLP copper foil options for high-end CCL and PCB clients.”
“Our itemizing on the NYSE is a key milestone for us. We’re additionally extraordinarily proud to have the power to current ourselves to the market, a worldwide trade chief that has its origins from China, working with robust South Korean and Japanese shareholders and shoppers, and launching ourselves to the worldwide capital markets house.”
Harvest World Capital Investments Restricted, Hithium World Pte. Ltd., are cornerstone buyers in Londian Wason’s IPO. The online proceeds from this IPO can be primarily used for investing in world manufacturing growth and upgrades, analysis and growth of superior applied sciences, environment friendly manufacturing processes, broader product portfolios and functions, and basic company functions.
For the three months ended March 31, 2026, the Firm recorded complete income of RMB 4.07 billion (equal to US$582.4 million), representing a year-over-year surge of roughly 113.71%. The Firm additionally swung from a internet loss within the corresponding interval of final yr to a internet revenue of RMB 134.5 million (US$19.2 million) in the course of the reporting quarter, marking a notable turnaround in profitability.
