Chinese Copper Foil Manufacturer Lingbao Wason Lists on NYSE, Soars Over 11% on First Day

BlockBeats News, August 13th, according to the market data from BIT (bit.com), Chinese copper foil manufacturer Linglong Holding Inc. (FOIL) has been listed on the NYSE. The stock surged 11.36% on its debut, and continued to rise by 6.12% in after-hours trading, currently trading at $26.

The company raised $94.3 million in its IPO, marking the largest IPO by a Chinese company in the U.S. since Cha Ji (茶姬) in April last year. Headquartered in Shenzhen, the company's products are used in electric vehicles, 5G communication, and other fields. It is said to be the global leader in the copper foil market for batteries, holding a 7.6% market share.