Londian Wason New Energy Tech Inc.

Londian Wason New Energy Tech Inc. (FOIL) priced its initial public offering on Aug 14, 2026 at $22.00 per share, and listed on NYSE. At the IPO price its market capitalization was about $8.6B. Cantor was lead-left underwriter, joined by Huatai, CMBI and US Tiger and others. Davis Polk, Harneys and King & Wood Mallesons advised the company and Cleary Gottlieb and Zhonglun Law Firm advised the underwriters.

Londian Wason New Energy Tech Inc. is a Cayman Islands holding company that operates through subsidiaries in China. It researches, develops and manufactures electrolytic copper foil, used in lithium-ion batteries and electronic circuit boards.

Status

IPO

Ticker

FOIL

Exchange

NYSE

Priced

Aug 14, 2026

IPO price

$22.00

Market cap at IPO price

$8.6B

First filed

Jul 2, 2026

Underwriters

Cantor, Huatai, CMBI, US Tiger and Fortune

Company counsel

Davis Polk, Harneys and King & Wood Mallesons

Underwriters' counsel

Cleary Gottlieb and Zhonglun Law Firm

Sector

Industrials & materials

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.