IonQ Raises $2bn from Equity Offering

US quantum computing firm IonQ has announced plans to raise $2 billion through an equity offering. The company will sell 16.5 million shares at $93 each to an entity managed by investor Heights Capital Management.

“This investment provides an opportunity for the IonQ team to continue to grow and expand our ecosystem. IonQ is one of the only quantum companies in the world capable of delivering advanced computing, networking, and sensing solutions across every theatre – on the ground, in the air, and in space,” said Niccolo de Masi, chairman and CEO of IonQ.

“With our accelerated technology roadmap, world-renowned talent, and robust net cash position, we have strengthened our unique position. We believe this is the largest common-stock single-institutional investment in the history of the quantum industry. This $2 billion cash investment will facilitate our global growth and accelerate our quantum commercialization worldwide.”