Financing ·
Londian Wason raises $108M from IPO after closing partial over-allotment of 626,104 ADSs at $22
FOILLondian Wason New Energy Tech Inc.
Londian Wason New Energy Tech Inc. announced the closing of the partial exercise of its underwriters' over-allotment option for an additional 626,104 American Depositary Shares (ADSs) at $22.00 per ADS. This transaction raised aggregate gross proceeds of $108,059,996 when combined with the initial IPO proceeds of $94,285,708. The offering was conducted pursuant to a Form F-1 registration statement declared effective on August 11, 2026, with Cantor Fitzgerald & Co., Huatai Securities (USA), Inc., CMB International Capital Limited, and US Tiger Securities acting as underwriters. Londian Wason New Energy Tech Inc. operates in the new energy technology sector, specifically as a global researcher, developer, and manufacturer of electrolytic copper foil.