SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Chinese copper foil manufacturer Londian Wason Energy Tech has filed for an initial public offering (IPO) in the United States, aiming to capitalize on rising global demand for electric vehicle (EV) battery materials and favorable conditions in the U.S. equity market.
The Shenzhen-based company submitted its IPO filing on Thursday, joining a growing list of companies seeking to take advantage of a strong rebound in the U.S. IPO market. According to Renaissance Capital, IPO proceeds in the second quarter are on track to reach their highest level since 2021, even excluding SpaceX’s blockbuster public offering. The improving market environment has encouraged new issuers to pursue listings despite ongoing geopolitical uncertainties.
Londian’s filing also highlights the gradual return of Chinese companies to U.S. stock exchanges after years of reduced activity caused by heightened tensions between Washington and Beijing. The company follows Chinese firm DSC Holdings, which completed its U.S. market debut last month.
According to a Frost & Sullivan report cited in the filing, Londian was the world’s largest supplier of lithium-ion battery (LiB) copper foil by sales volume in 2025, holding a 7.6% share of the global market. Copper foil is a critical component used in lithium-ion batteries that power electric vehicles and energy storage systems.
Financially, Londian reported a significant turnaround. For the three months ended March 31, 2026, the company posted a net profit of 134.5 million yuan (approximately $19.81 million) on revenue of 4.07 billion yuan. During the same period a year earlier, it recorded a net loss of 68.4 million yuan on revenue of 1.91 billion yuan.
South Korea’s SK Group is a major shareholder, holding a 29.5% stake through its wholly owned subsidiary, Golden Pearl EV Solutions.
Londian said it plans to use the IPO proceeds to expand its global manufacturing capacity, invest in research and development, and support general corporate purposes. The company intends to list its shares on the New York Stock Exchange (NYSE), with Cantor, Huatai Securities, CMB International, and US Tiger Securities serving as the lead underwriters.
