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Xanadu launches on TSX in Canada's first quantum computing IPO

Source: thestar.com

Xanadu, a Canadian quantum computing company, began trading on the Toronto Stock Exchange today under the ticker symbol XAN.
The firm raised $50 million through its initial public offering by selling about 17.2 million shares at $2.90 each.
This debut marks Canada's first quantum computing IPO, spotlighting the country's push into cutting-edge tech.

Xanadu, an Ontario-based quantum computing firm, launched its public trading on the Toronto Stock Exchange on Wednesday. The company, known for building photonic quantum computers that use light particles for faster calculations, sold shares to fund expansion. This move highlights Canada's growing role in quantum technology, a field racing to solve complex problems beyond regular computers' reach.