TORONTO - Xanadu Quantum Technologies has made its debut on the Toronto Stock Exchange.
Some investors in the Toronto-based quantum computing firm's go-public process previously paid $10 per share but within a few minutes of trading today, shares were hovering around $14.
Xanadu was founded by Christian Weedbrook in 2016 and has become a leader in quantum computing because it pioneered a light-based approach to scale quantum computers at room temperature.Â
Quantum computing is an emerging science that uses advanced physics to solve problems better and faster than conventional computers.Â
Xanadu has said the technology can aid in the discovery of new drugs and the creation of more powerful batteries.
Xanadu's appearance on the stock exchange was facilitated through a SPAC, which allows a company to go public without going through the traditional initial public offering process.
This report by The Canadian Press was first published March 27, 2026.
Companies in this story: (TSX:XNDU)
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