What Happened to the Londian Wason IPO and What Do the FOIL Trading Halt and Delayed Closing Mean for Investors?
Overview Londian Wason New Energy Tech Inc. (NYSE: FOIL), the world's leading manufacturer of electrolytic copper foil for lithium-ion batteries, recently completed its initial public offering on the New York Stock Exchange, raising approximately $94.3 million at $22.00 per American Depositary Share (ADS) to become the largest US listing by a Chinese company in more than a year. However, following an energetic market debut where shares surged over 18% intraday, secondary trading encountered unex