The Zhitong Finance App learned that Chinese electrolytic copper foil manufacturer Londian Wason New Energy Tech (Londian Wason New Energy Tech) announced its initial public offering (IPO) terms on Monday. The company plans to issue 3.6 million American Depositary Shares (ADS) at a price of $20 to $22 per share, raising approximately $75 million. Existing investors Harvest Global Capital Investments, Hithium Global, and other investors have indicated their intention to subscribe for ADS worth $50 million, $7 million, and $30 million respectively. Based on the midpoint of the proposed issue price range, the company's market capitalization will reach approximately $1.6 billion.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Chinese electrolytic copper foil manufacturer Londian Wason New Energy Tech (Londian Wason New Energy Tech) announced its initial public offering (IPO) terms on Monday. The company plans to issue 3.6 million American Depositary Shares (ADS) at a price of $20 to $22 per share, raising approximately $75 million. Existing investors Harvest Global Capital Investments, Hithium Global, and other investors have indicated their intention to subscribe for ADS worth $50 million, $7 million, and $30 million respectively. Based on the midpoint of the proposed issue price range, the company's market capitalization will reach approximately $1.6 billion.
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