Londian Wason (NYSE:FOIL) Raises Over USD108 Million in Total IPO Proceeds

Londian Wason New Energy Tech Inc. (NYSE: FOIL) sold 626,104 additional ADSs at $22.00 each, raising $108.06M total in its IPO. Proceeds will fund global expansion, R&D, and corporate needs. The company is a leading supplier of copper foil for EVs, ESS, and AI infrastructure.

Londian Wason (NYSE: FOIL), a copper foil manufacturer, debuted on the NYSE with an 11.36% gain. The company benefits from dual growth drivers: EV battery demand and AI computing infrastructure. Q1 2026 revenue rose 113.71% YoY to RMB 4.07 billion, with net profit at RMB 134.5 million. The company leads in global lithium-ion battery copper foil sales and has strong partnerships with LG, Panasonic, and Samsung.

SB Energy, a SoftBank-backed AI infrastructure platform, plans to raise up to $500 million in Japan as part of its U.S. IPO, expected between September 2026 and February 2027. The company aims to raise $5 billion to $7 billion in total, according to The Wall Street Journal. It will trade on Nasdaq under the symbol SBE.

Bamboo Insurance Services Inc. aims to raise up to $700 million in an IPO, selling 35 million shares at $18-$20 each. The company reported $14 million in net income and $173 million in revenue for the first half of 2026. It plans to list on the NYSE under the ticker 'BMB'.

Bamboo is offering 35 million shares in its IPO at $18-$20 each, with proceeds going to CVC and White Mountains. The company reported $173M revenue in H1 2026, up 40% YoY, but net income fell to $13.8M. Bamboo aims to list on NYSE under ticker 'BMB'. It operates in California's shrinking admitted insurance market, focusing on wildfire-prone areas.

Bamboo Insurance Services plans to IPO 35 million Class A shares at $18-$20 per share, listing on NYSE as BMB. Existing investors CVC and White Mountains will sell shares, with underwriters having a 30-day option for more. J.P. Morgan and Morgan Stanley lead the offering.