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Shares of French quantum computing company Pasqal jumped nearly 60 percent on their first day of trading following a SPAC merger that brought the firm to the Nasdaq. The strong market debut highlights investor enthusiasm for commercial quantum technology applications.
Pasqal, a quantum computing company, is preparing to become a publicly traded entity through a Special Purpose Acquisition Company (SPAC) deal.
Quantum computing startup Pasqal is reportedly seeking €200 million in funding, which would value the company at over €1 billion.
Pasqal Holding SA saw its shares skyrocket on their first day of trading after going public through a blank-check merger, significantly outperforming other recently listed quantum technology firms.
French quantum computing company Pasqal is reportedly planning a $2 billion SPAC listing, with a commitment to maintain its French identity.
Quantum computing firm Pasqal announced its board of directors for the combined entity after successfully completing its Nasdaq listing process.
Quantum computing startup Pasqal is reportedly planning to go public through a SPAC merger, valuing the company at $2 billion.