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.