Legend Capital-backed quantum computing technology developer QuantumCTek has filed to raise up to $102m in an initial public offering in Shanghai.
QuantumCTek, a China-based quantum technology developer backed by conglomerate Legend Holdings, is seeking $102m in an initial public offering on the Shanghai Stock Exchange’s Star Market, DealStreetAsia reported yesterday.
The company plans to issue 20 million shares priced at up to $5.12 each, having set a $42.8m target when it first revealed plans to go public in November 2019.
Founded in 2009, QuantumCTek is working on quantum cryptography technologies for use in areas such as telecommunications infrastructure, financial services, big…
