Canadian quantum stock Xanadu jumps in first day of trading on Nasdaq


Xanadu concluded a merger with U.S. special purpose acquisition company (SPAC) Crane Harbor Acquisitions Corp. on Thursday, which had been priced at US$10 per share, meaning Friday’s market gain was in the 15 per cent range. The company raked in US$302 million before fees, which was less than the US$500 million it had expected.



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