US-based quantum computing company SeeQC, Inc. (SEEQC), which is developing quantum chips based on superconducting qubits, has announced its intentions to go public. In a press release, the company said it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the SEC) relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. SEEQC intends to list its common stock on the Nasdaq Global Market under the ticker symbol “SEQC.”
Cantor and BTIG are acting as lead book-running managers for the proposed offering, which will be made only by means of a prospectus that can be obtained from Cantor or BTIG. The company said that the proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
SEEQC is distinguishing itself from other quantum computing companies through its attempt to put all core functions of a quantum computer on a digital chip; the platform combines superconducting Single Flux Quantum chips, cryogenic CMOS electronics, room-temperature control systems, firmware and software.
