What is Londian Wason's target valuation and fundraising amount for its U.S. IPO, and what regulatory approval did it receive from Beijing?

Londian Wason is targeting a valuation of up to $1.7 billion in its U.S. IPO and seeks to raise up to $78.6 million by offering approximately 3.6 million American Depositary Shares priced between $20 and $22 each. The company received approval from the China Securities Regulatory Commission (CSRC) in December for its New York listing — one of only a few U.S. IPO applications cleared by the CSRC over the past year.

How did Londian Wason's financial performance change year-on-year for the quarter ended March 31, and who are its major backers?

For the three months ended March 31, Londian Wason reported a net profit of 134.5 million Chinese yuan ($19.2 million) on revenue of 4.07 billion yuan, reversing from a net loss of 68.4 million yuan on revenue of 1.91 billion yuan a year earlier. Its major backers include South Korea's SK Group (034730.KS) and Mirae Asset.

Chinese copper foil giant Londian Wason eyes $1.7 billion valuation in US IPO

Aug 3, 2026

Chinese electrolytic copper foil producer Londian Wason targets a $1.7 billion valuation in its upcoming New York Stock Exchange listing following Beijing's regulatory approval. The company reported a net profit of $19.2 million in Q1, reversing a loss from the prior year.

reuters

2026-08-03

Chinese copper foil giant Londian Wason eyes $1.7 billion valuation in US IPO

Chinese copper foil giant Londian Wason eyes $1.7 billion valuation in US IPO

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