(ProactiveInvestors) Quantum Exponential Limited is planning to become the London market’s first quantum technology-focused investment firm as it unveiled plans to list its shares on the Aquis Stock Exchange Growth Market in August.
The company said that as part of the listing it is aiming to raise up to £5mln through a share placing and subscription at 5p per each, adding that it has also raised £2.5mln in a pre-initial public offering (IPO) funding round and has secured commitments for £2.3mln towards the fundraising.
Quantum said its initial strategy will be to “assemble a portfolio of minority investments in leading global quantum technology companies, primarily in NATO allied countries”, adding that it has screened over 175 quantum companies and identified over 60 start-ups that potentially meet its investment criteria.
Quantum said its initial strategy will be to “assemble a portfolio of minority investments in leading global quantum technology companies, primarily in NATO allied countries”, adding that it has screened over 175 quantum companies and identified over 60 start-ups that potentially meet its investment criteria.
The group said it intends to create an initial portfolio of 8-10 investments, each of which is expected to have a value of between £100,000 and £500,000.
“The proposed admission of Quantum Exponential to AQSE is very exciting. This first of its kind investment category will give institutional and private investors access to many forms of technical innovation, which over the next decade is expected to deliver very strong returns for early investors
Quantum Exponential Limited is Planning to Become the London Market’s First Quantum Technology-Focused Investment Firm
