(UK.Finance.Yahoo) Quantum Exponential, a company that identifies investment opportunities in the quantum technology sector, is planning an IPO with hopes to raise up to £5m ($6.9m). The move would make it the first company of its kind listed in London. The firm will go public on the Aquis Stock Exchange Growth Market.
£2.3m of the £5m has already been committed to by existing investors and the company also recently completed a pre-IPO fund raising of £2.5m.
“With revenues from quantum computing, which is just one part of quantum technology, forecast to grow from $472m in 2021 to $1.8bn by 2026, and government spending increasing, I believe now is the right time to gain investment exposure to this growth,” said CEO Martin Schwedler, CEO.
He said admission to the exchange will enable the company to access capital which can accelerate investment decisions.
It believes public market investors currently have had no means to gain pure exposure to this technology and that it can bring them “unparalleled market access, professional portfolio selection and professional due diligence” along with technical expertise.