/2 Firms Steer Quantum Computing Biz’s $2B Go-Public Deal (via Qpute.com)
2 Firms Steer Quantum Computing Biz's $2B Go-Public Deal

2 Firms Steer Quantum Computing Biz’s $2B Go-Public Deal (via Qpute.com)

Law360 (March 8, 2021, 10:10 PM EST) — Quantum computing company IonQ said Monday it’s going public on the New York Stock Exchange in a merger with blank-check company dMY Technology Group, a deal guided by Cooley and Cleary Gottlieb that values the combined entity at $2 billion.

College Park, Maryland-based IonQ Inc. said in a joint statement with dMY Technology Group Inc. III that it will receive about $650 million in gross proceeds from the deal, which it says creates the first publicly-traded pure-play hardware and software business in quantum computing.

When the deal closes, IonQ will trade on the NYSE under the symbol IONQ.

“This transaction advances…

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