Quantum computing company Pasqal rises on first day of Nasdaq trading

PSQL•2026-08-28

Pasqal jumps in Nasdaq debut

** Shares of French quantum-computing company Pasqal PSQL.O were last up 51.1% at $14.79 in their Nasdaq debut

** PSQL began trading after merging with blank-check company Bleichroeder Acquisition Corp II in a transaction that valued it at about $2 billion before new funding

State-backed financing and business focus

** France is backing Pasqal through state bank Bpifrance, which participated in financing linked to the merger

** The company is engaged in the development and commercialization of quantum computing technologies, with a strong focus on neutral-atom quantum processors

** Neutral-atom quantum processors use arrays of uncharged atoms, such as rubidium or cesium, held in place by laser beams to perform quantum calculations