Londian Wason New Energy Tech IPO: revenue, profit and offering terms from its F-1
Londian Wason New Energy Tech priced its IPO at $22 a share on 14 Aug 2026 and raised $94.3 million. Its shares trade on NYSE as FOIL. Revenue was 10.9 billion RMB in 2025, up 25% from 2024, with a net profit of 20.3 million RMB.
Headlines
- Revenue, 2025
- 10.9B RMB
- Up 25% on the year before
- Net income, 2025
- 20M RMB
- Revenue, First quarter of 2026
- 4.1B RMB
- Up 114% on a year earlier
- IPO price
- $22
- $94M raised
Londian Wason New Energy Tech IPO terms
From the final prospectus (424B4).
- Exchange
- NYSE
- Ticker
- FOIL
- IPO price
- $22
- Shares offered
- 4,285,714
- Raised
- $94M
- Registered
- $100M, the amount the filing fee is paid on
- Underwriters
- Cantor Huatai Securities, CMB International, US Tiger Securities, Fortune Securities, BOCOM International and VC Brokerage
- First filed
- 2 Jul 2026
Londian Wason New Energy Tech revenue and profit
In RMB, the currency the company reports in.
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | 8.8B RMB | - | -293M RMB |
| 2025 | 10.9B RMB | 350M RMB | 20M RMB |
| First quarter of 2025 | 1.9B RMB | - | - |
| First quarter of 2026 | 4.1B RMB | - | 134M RMB |
Londian Wason New Energy Tech share structure and company facts
- Employees
- 1,646
- Headquarters
- Shenzhen, China
Londian Wason New Energy Tech shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $22
- Priced 14 Aug 2026
- First close
- $24.10
- +10% on the IPO price
- Latest close
- $16.91
- -23% on the IPO price
Londian Wason New Energy Tech's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Londian Wason New Energy Tech's newest prospectus (424B4 filed 14 Aug 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.