Londian Wason Prices Upsized IPO at $22 per ADS
Londian Wason, a leading global researcher and manufacturer of electrolytic copper foil, has priced its upsized initial public offering (IPO) at $22.00 per American Depositary Share (ADS). The company sold approximately 4.3 million ADSs for expected gross proceeds of $94.3 million and net proceeds of about $87.0 million, excluding any underwriter option exercise.
The NYSE listing is expected to begin on August 12, 2026, under ticker FOIL, with closing targeted for August 13, 2026, subject to customary conditions. Londian Wason intends to use the net proceeds from this offering primarily to fund global production expansion and facility upgrades.
The company has established a high-quality and diversified global customer base, serving top global battery and electronic circuit manufacturers such as LG Energy Solution, Panasonic Industrial Materials, SK On, Samsung SDI, ATL, CATL, BYD, and Sunwoda. Londian Wason possesses the world's largest designed capacity for electrolytic copper foil manufacturing sites.