D-wave, one of the longest established Quantum Computing Companies is to go public

February 8, 2022 by Rusty Flint

D-wave, one of the longest established Quantum Computing Companies is to go public

D-wave, the Canadian giant of Quantum Computing, whose history began with Quantum Annealing before moving into Gate-based Quantum Computing has announced its intention to go public which will join a portfolio of existing and soon to be public pure play quantum computing companies and join the likes of IonQ which went public in 2021 via a SPAC and Rigetti which has announced their intention to go public. The company will be expected to trade under the symbol QBTS.

The full and detailed announcement is made on the following business wire link. There is a definitive transaction agreement with DPCM Capital, Inc. (NYSE: XPOA), a publicly traded special purpose acquisition company (“DPCM Capital”) or SPAC.

“Today marks an inflection point signalling that quantum computing has moved beyond just theory and government-funded research to deliver commercial quantum solutions for business,”
Alan Baratz, CEO OF D-WAVE

Watch this space for more analysis on the announcement coming soon!

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Rusty Flint

Rusty is a science nerd. He's been into science all his life, but spent his formative years doing less academic things. Now he turns his attention to write about his passion, the quantum realm. He loves all things Physics especially. Rusty likes the more esoteric side of Quantum Computing and the Quantum world. Everything from Quantum Entanglement to Quantum Physics. Rusty thinks that we are in the 1950s quantum equivalent of the classical computing world. While other quantum journalists focus on IBM's latest chip or which startup just raised $50 million, Rusty's over here writing 3,000-word deep dives on whether quantum entanglement might explain why you sometimes think about someone right before they text you. (Spoiler: it doesn't, but the exploration is fascinating.