Londian Wason Sets New IPO Closing Date for August 19, 2026
FOIL is trading near its 52-week low of $23.02 (4.7% above the low) on light trading volume (0.3× avg).
Summary
Londian Wason announced a new closing date for its $77 million IPO, expected on or about August 19, 2026, following a delay and trading halt.
Key Events · Financing and Capital Events · FOIL
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New IPO Closing Date Set
Closing of the 4,285,714 ADS offering (representing 21,438,570 ordinary shares) is expected on or about August 19, 2026, as agreed with underwriters.
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Offering Proceeds
The upsized IPO priced at $22.00 per ADS, raising approximately $77 million before underwriting discounts and expenses.
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Prior Delay and Halt
The closing was previously delayed, and NYSE halted trading in the ADSs on August 17, 2026. This filing provides the new expected closing date.
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Next Milestone
Closing is expected today, August 19, 2026, subject to customary closing conditions.
Analysis · FOIL · Manufacturing
The company announced a new closing date for its upsized $77 million IPO after a delay and trading halt. The closing is expected on or about August 19, 2026, as agreed with underwriters. This resolves the uncertainty from the prior halt and confirms the offering will proceed.
At the time of this filing, FOIL was trading at $24.10 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $23.02 to $28.49. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.