Chinese copper foil manufacturer Longdian Huaxin went public on the New York Stock Exchange, surging more than 11% on the first day

Comparative news, according to BIT (bit.com) market data, Chinese copper foil manufacturer Longdian Huaxin (FOIL) has been listed on the NYSE. It closed up 11.36% on the first trading day, and rose 6.12% after trading, and is now reported at $26.

The company's IPO raised 94.3 million US dollars, making it the largest Chinese company's IPO in the US since Chahime in April last year. The company is headquartered in Shenzhen, and its products are used in fields such as electric vehicles and 5G communications. It is said to rank first in the global battery copper foil market, accounting for 7.6% of the market share.