QuantumCTek has filed for a $102m initial public offering, more than a decade after being spun out of University of Science and Technology of China.
QuantumCTek, a China-based quantum technology spinout of University of Science and Technology of China, is seeking $102m in an initial public offering on the Star Market, DealStreetAsia reported yesterday.
The company plans to issue 20 million shares at $5.12 each. It had originally anticipated to raise $42.8m when it first revealed plans to go public in November 2019.
Founded in 2009, QuantumCTek is working on quantum cryptography technologies for areas such as telecoms infrastructure, financial services, big data…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
