Pasqal to List on Nasdaq for Access to US Capital
French quantum computing company Pasqal is set to become publicly traded on the Nasdaq stock exchange in the latter half of 2026. The move is driven by a perceived lack of sufficient funding in Europe.
French quantum computing scaleup Pasqal is planning to list on the New York-based Nasdaq stock exchange in the second half of 2026. CEO Wasiq Bokhari stated the decision was necessary to access the broader US funding landscape, which he believes is unavailable in Europe.
Pasqal, which develops quantum computing solutions for industrial applications, previously announced a SPAC (Special Purpose Acquisition Company) transaction to facilitate its Nasdaq listing. While SPACs have become a common route for tech companies seeking public markets, their efficacy has been debated.
Bokhari indicated that Pasqal requires significant capital to remain competitive globally, aiming to raise approximately $900 million through the listing. He noted that while European venture capital funds have grown, they often cannot provide the substantial sums needed for rapidly advancing technology sectors.
"We have a systematic disadvantage in Europe in terms of accessing the funding we need to grow," Bokhari said. He added that European investors are not yet accustomed to making large, high-risk investments in nascent fields like quantum technology.
Previously, Pasqal's attempt to raise €250 million from European investors was unsuccessful. The company is now shifting its focus to the US market, which it sees as possessing greater capital availability and a stronger appetite for long-term investment in technological development.