Londian Wason New Energy Tech began trading on the New York Stock Exchange under the ticker FOIL after raising about $94.3 million in an upsized initial public offering of roughly 4.3 million American Depositary Shares priced at $22 each. The stock opened at $26 on its debut, up 18.18% from the offer price. The company said it is the world's largest supplier of lithium-ion battery copper foil by 2025 sales volume and serves major battery and electronics manufacturers including LG Energy Solution, CATL, SK On, Samsung SDI, ATL and Panasonic Industrial Materials. It plans to use the IPO proceeds mainly for global production expansion and upgrades, advanced technology research and development, manufacturing efficiency improvements, broader product portfolios and applications, and general corporate purposes. For the three months ended March 31, 2026, Londian Wason reported revenue of RMB 4.07 billion, or $582.4 million, up about 113.71% year over year, and posted net profit of RMB 134.5 million, or $19.2 million, compared with a net loss in the same period a year earlier. The listing also creates a potential exit path for South Korean venture capital firm SV Investment through its earlier China-unit investment, while underscoring a rare reopening in the U.S. market for China-linked issuers.