Londian Wason Prices Upsized IPO at $22 per Share
Londian Wason, a leading global supplier of electrolytic copper foil, has set its initial public offering (IPO) price at $22 per American depositary share (ADS). The company will sell 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 scheduled to begin on August 12, 2026, under the ticker FOIL, with a closing targeted for August 13, 2026, subject to customary conditions. The proceeds from this offering will be used primarily to fund global production expansion and facility upgrades, research and development of advanced technologies, improvements in manufacturing efficiency, expansion of its product portfolio and applications, and general corporate purposes.
Londian Wason is the world's largest supplier of lithium-ion battery (LiB) copper foil in terms of sales volume, holding a global market share of 7.6% in 2025. The company has established a high-quality and diversified global customer base, serving top global battery and electronic circuit manufacturers.