Londian Wason Hits NYSE as Battery Material Demand Surges

Trading under the ticker FOIL, Londian Wason New Energy Tech Inc. debuted on the New York Stock Exchange today, pricing its initial public offering at US$22 per share. The stock climbed 18.18% to $26 in its first day, signaling strong investor appetite for the world's leading supplier of lithium-ion battery copper foil.

Corp and Tech·August 13, 2026·reads: 1,096

Londian Wason Hits NYSE as Battery Material Demand Surges

The company, which stands as the only copper foil manufacturer to pursue a U.S. listing, placed approximately 4.3 million American Depositary Shares into the hands of public investors. Underwriting duties were shared by a syndicate including Cantor Fitzgerald, Huatai Securities, and CMB International. The capital raised will fund aggressive production expansion and research into high-performance materials, such as ultra-thin battery foils and high-frequency circuit board components.

Financial performance suggests the timing of the IPO aligns with a period of rapid growth. For the quarter ending March 31, 2026, Londian Wason reported revenue of 4.07 billion RMB, a 113.71% increase over the previous year. The company also shifted from a net loss to a 134.5 million RMB profit during that period. Chairman and Co-CEO Wang Guanran noted that the listing marks a transition for the company, which maintains a client roster featuring major manufacturers like LG Energy Solution, CATL, and Panasonic.

Cornerstone investors in the offering included Harvest Global Capital Investments and Hithium Global. Beyond battery applications, the company supplies copper foil for copper clad laminates and printed circuit boards, positioning itself as a vital link in the supply chains for both energy storage and high-end electronics.