Insider Brief
Pasqal shares rose 95.2% to $19.11 in the French quantum computing company’s first day of Nasdaq trading.
The company went public through a merger with Bleichroeder Acquisition Corp. II that provided approximately $360 million in cash.
Pasqal plans to use the capital to expand system production and deployment, grow commercial operations and advance fault-tolerant quantum computing.
Pasqal shares nearly doubled during the French quantum computing company’s first day of trading on Nasdaq, reflecting strong investor interest in one of Europe’s leading quantum hardware developers.
