NEW YORK, Aug. 11, 2026 — LONDIAN WASON NEW ENERGY TECH INC. is set to make its debut on the public market with an upsized initial public offering (IPO) of approximately 4.3 million American Depositary Shares (ADSs), priced at $22.00 per ADS. This offering is expected to generate gross proceeds of roughly $94.3 million, underscoring the significant investor interest in the leading global researcher, developer, and manufacturer of electrolytic copper foil. The company has also provided underwriters with a 30-day option to purchase up to an additional 642,857 ADSs at the IPO price, offering further potential for capital infusion.
The entirety of the ADSs are being offered by Londian Wason. After deducting underwriting discounts, commissions, and other associated expenses, the company anticipates net proceeds of approximately $87.0 million from the offering, before accounting for any exercise of the underwriters’ option. These funds are strategically earmarked to fuel Londian Wason’s ambitious growth plans, including global production expansion, critical facility upgrades, and substantial investment in advanced research and development initiatives. The company also plans to enhance manufacturing efficiency, broaden its product portfolio and application scope, and cover general corporate purposes.
Londian Wason’s ADSs are scheduled to commence trading on the New York Stock Exchange (NYSE) on August 12, 2026, under the ticker symbol “FOIL.” The offering is expected to conclude on August 13, 2026, pending the fulfillment of customary closing conditions.
This IPO marks a pivotal moment for Londian Wason, a company that has established itself as a dominant force in the critical sector of electrolytic copper foil. According to industry analysis by Frost & Sullivan, Londian Wason held the position of the world’s largest supplier of lithium-ion battery (LiB) copper foil by sales volume in 2025, commanding a global market share of 7.6%. In that same year, the company supplied approximately 111,985 metric tons of LiB copper foil, maintaining its status as the top global supplier by annual sales volume. This leadership is built on a foundation of innovation and quality, serving a high-caliber, diversified global customer base that includes industry giants such as LG Energy Solution, Panasonic Industrial Materials, SK On, Samsung SDI, ATL, CATL, BYD, and Sunwoda.
Londian Wason’s technological prowess is particularly noteworthy. The company achieved a significant milestone as the first copper foil manufacturer in China to successfully develop 6µm high-strength LiB copper foil and the first globally to reach mass production of this crucial material. Further pushing the boundaries, Londian Wason pioneered the development of ultra-thin 4µm LiB copper foil in China and became the first worldwide capable of mass-producing high-tensile strength 4µm LiB copper foil. This commitment to cutting-edge technology is supported by substantial manufacturing capacity. As of December 31, 2025, the company operated six electrolytic copper foil manufacturing sites, boasting the world’s largest annual designed capacity of approximately 180,500 metric tons.
Financially, Londian Wason has demonstrated robust growth. In its fiscal year 2025, the company reported revenue of RMB10.942 billion (approximately $1.565 billion), a significant increase from RMB8.762 billion in FY2024. Net income for FY2025 stood at RMB20.315 million (approximately $2.905 million), with Adjusted EBITDA reaching RMB868.851 million (approximately $124.244 million). The company’s investment in innovation is further evidenced by its dedicated R&D team of 428 professionals as of December 31, 2025. This team has secured 634 registered patents in China and has an additional 168 pending patent applications, alongside a core manufacturing personnel of approximately 728 individuals with an average of over 10 years of industry experience. This strong foundation in R&D and experienced workforce positions Londian Wason for continued leadership and innovation in the rapidly evolving new energy sector.
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