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Quantom starts trading at $68
Quantum Company launched its trading on the NASDAQ at a price of $68 per share, after raising $1.68 billion through an expanded initial public offering at a pricing of $60 per share, above the previous range of $53 to $55. The company's market value is approximately $17.6 billion. It was founded in 2021 through the merger of the quantum computing division of Hany Willis and the British company Cambridge Quantum. The company operates a quantum computing platform that includes hardware and software. It targets sectors such as pharmaceuticals, materials science, finance, governments, and industry, with clients including institutions like JPMorgan Chase and Amgen. The CEO stated that the adoption of quantum computing is still in its early stages, but emphasized that the demand for these computing resources is essential and definite.
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