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The Economic Times
The Economic Times
Business

US stocks: Londian Wason valued at $2 billion, biggest Chinese debut in New York in over a year

Copper foil ​maker Londian Wason New Energy Tech was valued at $2.01 ​billion in its New York Stock Exchange debut on Wednesday, marking the largest IPO of a Chinese company in the U.S. in more than a year.

The Shenzhen-based company's ‌shares opened ⁠at $26 ⁠apiece, above their offer price of $22, after it raised $94.3 million in Tuesday's upsized offering.

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