IonQ sets sights on new growth targets after going public

Peter Chapman knows that there’s a lot of work yet to do, but on Friday, the IonQ Inc. CEO was content to bask in the historic milestone of taking the quantum computing company to Wall Street.

“Today was amazing,” he said in an interview with the Washington Business Journal hours after the College Park company officially went public. “Just a chance to be on the floor of the New York Stock Exchange, it’s quite an honor. And to be the first company on the NYSE from quantum computing is kind of a cool day.”

IonQ (NYSE: IONQ) made its way to Wall Street after executing its long-planned merger with Las Vegas special purpose acquisition company dMY Technology Group Inc. III. 

The merger, which was first announced in March and approved Tuesday in a stockholder vote, already delivers IonQ around $635 million in gross proceeds from the dMY SPAC and a collection of private investment and public equity investors. 

Chapman said that money will go toward the company’s expansion…

Read the full story from the Washington Business Journal.
Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up