Pasqal Shares Leap as French Quantum Firm Makes Nasdaq Debut
Shares surged about 60% in the debut as the company gained roughly $360 million to expand manufacturing and fault-tolerant quantum computing.
- On Friday, shares of French quantum-computing company Pasqal surged around 60% in their Nasdaq debut under ticker PSQL, marking strong investor appetite for the sector's newest public company.
- The merger with Bleichroeder Acquisition Corp closed on August 27, leaving Pasqal with approximately $360 million in cash to expand production, deploy processors, and pursue fault-tolerant quantum computing.
- Seven neutral-atom quantum processing units operate in the field, supporting over 25 commercial applications across energy and finance; Pasqal maintains strategic ties to Nvidia, Saudi Aramco, and the IBM Quantum Network.
- Chief executive Wasiq Bokhari framed the listing as an "acceleration point" for industrial-scale deployment, though the $2 billion valuation faces scrutiny given modest 2025 revenue figures.
- France continues backing Pasqal through state bank Bpifrance while retaining veto power via the Ministry of the Economy; a dual listing on Euronext Paris is also planned.
23 Articles
23 Articles
Quantum Computing Firm Pasqal Jumps 52% in Debut Via SPAC Merger
Pasqal Holding SA soared in its first day of trading after the quantum computing company went public in New York via a merger with a blank-check firm, outperforming other quantum companies that have recently debuted.
France’s quantum computer maker Pasqal surges in Nasdaq debut
Aug 28 (Reuters) - Shares of French quantum-computing company Pasqal surged around 60% in their Nasdaq debut on Friday, signalling strong investor appetite for one of the sector’s newest public companies. Pasqal began trading after merging with blank...
France’s Pasqal is public, with $360M and a valuation of about 100 times revenue
Pasqal began trading on Nasdaq on Friday under the ticker PSQL, five months after announcing it would go public through a special purpose acquisition company. Shares surged on the debut, according to Reuters. The merger with Bleichroeder Acquisition Corp. II closed on 27 August, a day after shareholders approved it, leaving the company with roughly […] This story continues at The Next Web
Pasqal shares leap as French quantum firm makes Nasdaq debut
Aug 28 : Shares of French quantum-computing company Pasqal rose by as much as 73 per cent in their Nasdaq debut on Friday before paring gains to trade 40 per cent higher.Pasqal, one of Europe's most significant contenders in the race to build commercially useful quantum computers, began trading after merging
Specializing in quantum computing, the company has to start being rated Friday on Nasdaq, Wall Street.
The company has announced in parallel its merger with the investment company Bleichroeder and the raising of 360 million dollars of cash.
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