Chinese EV Battery Parts Maker Londian Planning US IPO, Sources Say
- Copper foil maker plans to raise $500m in pre-IPO and IPO
- Londian works with Citi, Goldman on listing preparations
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Chinese copper foil maker Londian Wason Energy Tech is planning an initial public offering in the US, people familiar with the matter said.
The company is working with Citigroup Inc. and Goldman Sachs Group Inc. on the listing preparations, said the people, who asked not to be identified because the information is private. Londian is looking to raise about $500 million through the IPO and a pre-IPO funding round, the people said. A listing could happen as early as next year, one of the people said.