December 8, 2022

First Quantum IPO: IonQ

First Quantum IPO: IonQ

IonQ is the first pure-play Quantum Computing company that comes public today.

The deal will give IonQ $650 million in gross proceeds. The deal includes a $350 million PIPE that includes investments from Fidelity, Silver Lake, Hyundai and Kia Corporation.

Existing investors include Google Ventures, Lockheed Martin, HP, Airbus and Samsung.

The deal values IonQ at a pro former implied market cap of $2 billion.

Shares of IonQ will trade on the NYSE as ticker IONQ.

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