FILE PHOTO: A D-Wave 2X quantum computer is pictured during a media tour of the Quantum Artificial Intelligence Laboratory (QuAIL) at NASA Ames Research Center in Mountain View, California December 8, 2015. REUTERS/Stephen Lam
(Reuters) - Quantum computing firm D-Wave Systems Inc said on Tuesday it had agreed to go public by merging with blank-check company DPCM Capital in a deal that values the combined company at nearly $1.6 billion.
Vancouver-based D-Wave is pushing ahead with the deal even as other companies that recently took a similar route, such as Grab Holdings and BuzzFeed, have seen their market valuations tumble amid choppy conditions.
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
