IonQ’s $2 Billion Equity Offering Sparks Stock Volatility Amid Quantum Computing Expansion
IonQ shares dropped over 8% in pre-market trading following the announcement of a $2 billion equity offering, marking the largest institutional investment in quantum computing history. The deal includes 16.5 million shares at $93 each—a 20% premium to October 9's close—alongside warrants for 43 million additional shares at $155.
CEO Niccolò de Masi framed the capital raise as critical for global expansion and accelerating commercialization. While the funding strengthens IonQ's balance sheet, investors reacted to potential dilution, with shares later recovering 2% in after-hours trading. The stock remains up 69% year-to-date despite the selloff.