Quantum computing operator IonQ Inc. raised $2 billion in a sale of shares and pre-funded warrants to an affiliate of Susquehanna International Group, as firms increasingly invest in the technology. The College Park, Maryland-based firm is selling 21.5 million of shares and pre-funded warrants to an entity managed by Susquehanna’s Heights Capital Management Inc., according to a statement Friday. The shares and warrants are priced at $93 each, a 20% premium to Thursday’s close of $77.50 apiece. Shares of IonQ fell as much as 4.5% to $74.03 each in early trading Friday. The company has a market value of nearly $24 billion as of Friday. The stock has rallied about 80% since the beginning of the year amid growing momentum for new technologies. Quantum computing, which technology companies have been developing for decades, is becoming a popular theme among investors as the technology matures even as industry experts warn that commercialization is still years away.

Full report : Quantum computing company IonQ raises $2 billion by selling 21.5 million shares and pre-funded warrants to Heights Capital at $93 each, a 20% premium over October 9’s close.