Bethesda MD based Quantum computing startup IonQ Inc has announced it will go public following a $2B pro-forma market capitalization.
According to the company, the merger will provide much needed $650 million comprising additional private investment from Fidelity Management and Research, Hyundai Motor Co. Silver Lake, Breakthrough Energy Ventures and KIA Corporation.
Once listed, the company’s stock will trade on the New York Stock Exchange, under the ticker symbol ‘IONQ.’
In addition to producing the first and only quantum computer available via the cloud on both Amazon Braket and Microsoft Azure, IonQ has defined what it believes to be the best path forward to scaling quantum computing power. By 2023, IonQ plans to develop modular quantum computers small enough to be networked together, which could pave the way for broad quantum advantage by 2025.
– IonQ Inc
Courtesy – IonQ Inc
