Londian Wason Officially Debuts on the New York Stock Exchange, Marking a New Era

Londian Wason Makes Its Mark on the New York Stock Exchange

Londian Wason New Energy Tech Inc., a global leader in the manufacturing of copper foil, has officially entered the New York Stock Exchange (NYSE) today, trading under the ticker symbol FOIL. This significant milestone underscores the company’s position as a primary player within the copper foil market, especially for lithium-ion batteries.

In this initial public offering (IPO), Londian Wason collaborated with several underwriters, including Cantor Fitzgerald & Co., Huatai Securities (USA), and others, to release approximately 4.3 million American Depositary Shares (ADS) priced at $22.00 each. On its first day, the stock opened at $26.00, exhibiting an impressive 18.18% increase from the offering price.

Copper foil is crucial in various industrial applications, particularly in producing batteries, copper-clad laminates (CCLs), and printed circuit boards (PCBs). In 2025, Londian Wason achieved the distinguished title of the world's largest supplier of lithium-ion battery copper foil by sales volume. This accomplishment is a testament to their expansive, high-quality international customer base that includes renowned manufacturers such as LG Energy Solution, CATL, SK On, and Panasonic Industrial Materials.

The range of products offered by Londian Wason includes a variety of copper sheets designed for specific applications, like ultra-thin copper sheets for batteries and sheets meeting specifications ranging from HTE to HVLP for printed circuit boards. Notably, Londian Wason is recognized as the only copper foil manufacturer that has opted for a public listing in the United States.

Mr. WANG Guanran, the company’s president and co-CEO, expressed enthusiasm about the company's public trading as a pivotal point in their growth strategy. He stated, "As a market leader, we have always pioneered advancements in product development and solutions within the copper foil sector. Following the success of our IPO, we are eager to continue implementing our strategy to expand our flagship products, including ultra-thin and high-tensile copper sheets for battery applications, and our VLP, RTF, and HVLP copper foil solutions tailored for upscale customers in copper-clad laminates and PCBs."

Mr. Wang further commented, "Our listing on the New York Stock Exchange signifies a crucial milestone for us. We are proud to present ourselves on the international stage as a Chinese-origin leader collaborating with top-tier shareholders and clients from South Korea and Japan, marking our entry into global financial markets."

Harvest Global Capital Investments Limited and Hithium Global Pte. Ltd. are named among the principal investors supporting Londian Wason's public offering. The net proceeds from this IPO are aimed primarily at funding the company’s global production expansion, facility modernization, advanced technology research and development, process efficiency improvements, product portfolio diversification, and general business needs.

For the quarter ending March 31, 2026, Londian Wason announced a total revenue of 4.07 billion yuan (approximately $582.4 million), reflecting a remarkable increase of around 113.71% compared to the previous year's same quarter. The company also reported a net profit of 134.5 million yuan (around $19.2 million) for the same quarter, a significant turnaround from the losses faced in the previous year.

As Londian Wason steps into the spotlight of the financial world, industry watchers will be keen to observe how it navigates this new chapter while continuing its trajectory of innovation and industry leadership.