Londian Wason prices U.S. IPO at $22 a share, raises $94.3 million
China's Londian Wason New Energy Technology Co. priced its U.S. initial public offering at $22 a share on Tuesday, raising $94.3 million. The headline had said the offering was expected to raise about $95 million. The copper-foil maker sold about 4.3 million American depositary shares at the top of its $20-to-$22 offering range. Londian Wason's major investors include South Korea's SK Group and Mirae Asset. The company's shares are scheduled to begin trading Wednesday on the New York Stock Exchange under the ticker FOIL. Cantor, Huatai Securities, BOCI, a U.S. firm whose name is incomplete in the source text, Futong Securities and VC Brokerage served as underwriters for the offering.
China's Londian Wason New Energy Technology Co. priced its U.S. initial public offering at $22 a share on Tuesday, raising $94.3 million. The headline had said the offering was expected to raise about $95 million.
The copper-foil maker sold about 4.3 million American depositary shares at the top of its $20-to-$22 offering range.
Londian Wason's major investors include South Korea's SK Group and Mirae Asset. The company's shares are scheduled to begin trading Wednesday on the New York Stock Exchange under the ticker FOIL.
Cantor, Huatai Securities, BOCI, a U.S. firm whose name is incomplete in the source text, Futong Securities and VC Brokerage served as underwriters for the offering.
The copper-foil maker sold about 4.3 million American depositary shares at the top of its $20-to-$22 offering range.
Londian Wason's major investors include South Korea's SK Group and Mirae Asset. The company's shares are scheduled to begin trading Wednesday on the New York Stock Exchange under the ticker FOIL.
Cantor, Huatai Securities, BOCI, a U.S. firm whose name is incomplete in the source text, Futong Securities and VC Brokerage served as underwriters for the offering.