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Quantum Firm Xanadu Jumps After Rollercoaster Debut Trading

Bloomberg Technology
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⚡ Quantum Brief
Xanadu Quantum Technologies, a Canadian quantum computing startup, made its volatile public debut in March 2026 after merging with a SPAC, initially surging over 10% on Nasdaq before plummeting nearly 10%. The stock recovered sharply, closing up 20% at $11.64 in New York trading, reflecting investor optimism despite broader market uncertainty and souring equity sentiment. Xanadu’s dual listing includes the Toronto Stock Exchange under the ticker XNDU CN, marking a rare cross-border public offering for a quantum technology firm. The rollercoaster trading highlights both the high-risk, high-reward nature of quantum computing stocks and the market’s mixed reaction to SPAC-backed tech debuts. This debut positions Xanadu as a key player in the commercial quantum race, though its long-term valuation remains tied to technological milestones and investor confidence.
Quantum Firm Xanadu Jumps After Rollercoaster Debut Trading

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TechnologyStartupsGiftExpandA Xanadu Quantum Technologies laboratory.Source: Xanadu Quantum TechnologiesGiftGift this articleAdd us on GoogleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowGiftBy Mathieu Dion and Geoffrey MorganMarch 28, 2026 at 1:23 AM GMT+5:30BookmarkSaveTranslateTakeaways by Bloomberg AISubscribeCanadian startup Xanadu Quantum Technologies Inc. rallied after a rocky start in public markets, buffeted by souring sentiment toward equities.After merging with a blank-check company, the new US shares of Xanadu initially jumped more than 10% on Nasdaq, from the closing level of the special purpose acquisition company. The stock suddenly reversed course, sinking nearly 10% before regaining its footing to trade up 20% at $11.64 at 3:48 p.m. in New York. The company also listed on the Toronto Stock Exchange, trading under the separate ticker XNDU CN.

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Source: Bloomberg Technology