IonQ begins trading on the NYSE after its SPAC merger

IonQ

IonQ closed its merger with the SPAC dMY Technology Group III on September 30, 2021, and began trading on the NYSE under the ticker IONQ on October 1. The transaction provided IonQ with gross proceeds of about $636 million. It became the first publicly traded pure-play quantum computing company.

• SPAC merger with dMY Technology Group III closed Sept. 30, 2021; NYSE trading began Oct. 1.
• Gross proceeds ~$636M from SPAC transaction; dMY shareholders approved deal Sept. 28.
• First pure-play quantum computing company to go public; traded under ticker IONQ (common stock) and IONQ.WS (warrants).
• Founded 2015 by Christopher Monroe and Jungsang Kim; offers systems via Amazon Braket, Microsoft Azure, Google Cloud.