Global Copper Foil Leader Londian Wason Officially Lists on the New York Stock Exchange Today

Rhea-AI Summary

Londian Wason New Energy Tech (NYSE: FOIL) completed its initial public offering on the New York Stock Exchange on August 13, 2026, issuing approximately 4.3 million ADS at US$22.00 per ADS. The shares opened at US$26.00, an 18.18% premium to the IPO price.

The company is a leading global manufacturer of electrolytic copper foil and reports being the world’s largest supplier of lithium-ion battery copper foil by 2025 sales volume. It serves major battery, CCL and PCB manufacturers, and plans to use net proceeds mainly for global capacity expansion, technology R&D, process efficiency, broader product offerings and general corporate purposes.

For the quarter ended March 31, 2026, Londian Wason reported revenue of RMB 4.07 billion (US$582.4 million), up about 113.71% year over year, and a net profit of RMB 134.5 million (US$19.2 million), reversing a prior-year net loss.

Positive

• IPO raises capital via 4.3 million ADS at US$22, with first trade at US$26, an 18.18% premium to the offer price.
• Revenue RMB 4.07 billion (US$582.4 million) for three months ended March 31, 2026, up approximately 113.71% year over year.
• Net profit RMB 134.5 million (US$19.2 million) in Q1 2026, swinging from a net loss in the prior-year quarter.
• Cornerstone investors Harvest Global Capital Investments and Hithium Global participated, potentially supporting market confidence in the IPO.
• Global market position as world’s largest LiB copper foil supplier by 2025 sales volume may underpin future business scale.

Negative

• None.

News Explained

With the IPO completed, Londian Wason offered approximately 4.3 million ADS at US$22.00 per ADS; as additional shares, those ADS increase total share count and reduce existing holders’ percentage ownership absent offsetting changes.

Market Context

The NYSE listing was accompanied by no recent insider activity in the platform record. That context ...

Analysis

The NYSE listing was accompanied by no recent insider activity in the platform record. That context adds no transaction signal; execution of global expansion and technology-development plans remained a risk factor alongside the reported operating improvement.

Key Figures

IPO Size: 4.3 million ADS IPO Price: $22.00 per ADS Opening Price: $26.00 per share +4 more

7 metrics

IPO Size 4.3 million ADS Initial public offering

IPO Price $22.00 per ADS Initial public offering

Opening Price $26.00 per share Debut trading day

Opening Gain 18.18% Compared with IPO offering price

Revenue RMB 4.07 billion (US$582.4 million) Three months ended March 31, 2026

Revenue Growth 113.71% Year-over-year change for the reporting quarter

Net Profit RMB 134.5 million (US$19.2 million) Three months ended March 31, 2026

Key Terms

electrolytic copper foil, american depositary shares, copper clad laminate

3 terms

electrolytic copper foil technical

"a leading global manufacturer of electrolytic copper foil"

Thin metal sheets of copper made by electroplating onto a drum and then peeled off, producing high-purity, uniform foil in a range of thicknesses and surface finishes. Investors care because this material is a basic input for printed circuit boards, flexible electronics and battery current collectors; its supply, price and production capacity can affect manufacturers’ costs and the economics of industries like consumer electronics and electric vehicles, similar to how wiring or metal foil inside a device carries key functions.

american depositary shares financial

"offered a total of approximately 4.3 million American Depositary Shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

copper clad laminate technical

"used extensively in batteries, copper clad laminate (CCL) and PCB applications"

A copper clad laminate is a flat sheet made of an insulating substrate (like fiberglass or resin) bonded on one or both sides with thin layers of copper; it is the basic raw material used to make printed circuit boards. Think of it like plywood with a metal veneer that electronics manufacturers etch into circuit patterns. It matters to investors because its supply, price, and quality influence production costs, lead times, and capacity for companies that build electronic devices and components.

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NEW YORK, Aug. 13, 2026 /PRNewswire/ -- LONDIAN WASON NEW ENERGY TECH INC. ("Londian Wason" or the "Company"), a leading global manufacturer of electrolytic copper foil, today completed its official listing on the New York Stock Exchange (NYSE) under the ticker symbol "FOIL". Cantor Fitzgerald & Co., Huatai Securities (USA), Inc., CMB International Capital Limited, US Tiger Securities, Inc., Fortune Securities, BOCOM International, and VC Brokerage Limited acted as underwriters for this initial public offering (IPO), offered a total of approximately 4.3 million American Depositary Shares ("ADS") at US$22.00 per ADS. On its debut trading day, the stock opened at $26.00 per share, representing an 18.18% increase from the IPO offering price.

Copper foil is a key material and component used extensively in batteries, copper clad laminate (CCL) and PCB applications. The company was the world's largest supplier of lithium-ion battery ("LiB") copper foil in terms of sales volume in 2025. As a leader in the global electrolytic copper foil market, Londian Wason has established a high-quality and diversified global customer base, serving top global manufacturers for batteries, CCL and PCB. Including LG Energy Solution, CATL, SK On, Samsung SDI, ATL, and Panasonic Industrial Materials.

Londian Wason is a manufacturer with a full-stack product coverage to different applications, including ultra-thin battery copper foil and PCB foil ranging from HTE to HVLP specifications.

Londian Wason is the only copper foil manufacturer in the world that chose to go public in the US.

Mr. WANG Guanran, Chairman and Co-Chief Executive Officer of Londian Wason: "As an industry leader, we have consistently driven the evolution of products and solutions in the copper foil industry. With the successful IPO, we look forward to continuing to advance our strategy to scale-up our key product range with our ultra-thin and high tensile performance battery foil product ranges, as well as our VLP, RTF and HVLP copper foil solutions for high-end CCL and PCB customers."

"Our listing on the NYSE is a key milestone for us. We are also extremely proud to have the ability to present ourselves to the market, a global industry leader that has its origins from China, working with strong South Korean and Japanese shareholders and clients, and launching ourselves to the global capital markets space."

Harvest Global Capital Investments Limited, Hithium Global Pte. Ltd., are cornerstone investors in Londian Wason's IPO. The net proceeds from this IPO will be primarily used for investing in global production expansion and upgrades, research and development of advanced technologies, efficient manufacturing processes, broader product portfolios and applications, and general corporate purposes.

For the three months ended March 31, 2026, the Company recorded total revenue of RMB 4.07 billion (equivalent to US$582.4 million), representing a year-over-year surge of approximately 113.71%. The Company also swung from a net loss in the corresponding period of last year to a net profit of RMB 134.5 million (US$19.2 million) during the reporting quarter, marking a notable turnaround in profitability.

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-copper-foil-leader-londian-wason-officially-lists-on-the-new-york-stock-exchange-today-302850801.html

SOURCE LONDIAN WASON NEW ENERGY TECH INC.

FAQ

What are the key IPO details for Londian Wason (NYSE: FOIL) on August 13, 2026?

Londian Wason listed on the NYSE under ticker FOIL, offering about 4.3 million ADS at US$22.00 each. According to Londian Wason, the shares opened at US$26.00, representing an 18.18% increase over the IPO price on the first trading day.

How did FOIL stock trade on its first day on the NYSE?

FOIL opened at US$26.00 per ADS, which is 18.18% above the IPO price of US$22.00. According to Londian Wason, this opening price reflects initial market reception to its New York listing and the completed sale of approximately 4.3 million ADS.

How did Londian Wason (FOIL) perform financially in the quarter ended March 31, 2026?

Londian Wason reported RMB 4.07 billion (US$582.4 million) in revenue, up about 113.71% year over year. According to Londian Wason, net income reached RMB 134.5 million (US$19.2 million), compared with a net loss in the same quarter a year earlier.

What will Londian Wason use its NYSE IPO proceeds for?

According to Londian Wason, net IPO proceeds will mainly fund global production expansion and upgrades, research and development of advanced technologies, efficiency improvements in manufacturing, broader product portfolios and applications, and general corporate purposes to support its electrolytic copper foil business growth strategy.

What is Londian Wason’s market position in lithium-ion battery copper foil?

Londian Wason states it was the world’s largest supplier of lithium-ion battery copper foil by sales volume in 2025. According to Londian Wason, its customer base includes leading global battery makers such as LG Energy Solution, CATL, SK On, Samsung SDI, ATL and Panasonic Industrial Materials.

Who are the cornerstone investors in Londian Wason’s (FOIL) NYSE IPO?

According to Londian Wason, Harvest Global Capital Investments Limited and Hithium Global Pte. Ltd. are cornerstone investors in the IPO. Their participation provides committed demand for a portion of the offering and may signal institutional interest in the company’s copper foil growth plans.

In which industries are Londian Wason’s copper foil products primarily used?

Londian Wason’s electrolytic copper foil is used in batteries, copper clad laminates (CCL) and printed circuit boards (PCB). According to Londian Wason, its full-stack portfolio covers ultra-thin battery copper foil and PCB foil ranging from HTE to HVLP specifications for high-end applications.