Will Xanadu lead Canadian tech back to public markets?
Xanadu, a Canadian tech company, has publicly listed on the TSX and Nasdaq via a SPAC, becoming the first Canadian tech company to hit the TSX since 2021. The company aims to deliver fault-tolerant quantum computing at scale and plans to build a quantum data centre in Toronto by 2029.
Xanadu, a Canadian tech company, has gone public on the TSX and Nasdaq. The company aims to deliver fault-tolerant quantum computing at scale. Xanadu's public listing comes amid global headwinds and a temperamental quantum market. The company has raised $300 million USD in public cash. Xanadu plans to build a quantum data centre in Toronto by 2029. This move makes Xanadu one of the 10 most valuable companies on the TSX.
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