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Xanadu quantum computing stock lockup expires Sept. 22

The Globe and Mail · Business

Published · Updated

  • Xanadu's lockup lifts Sept. 22, allowing early shareholders to sell stock for the first time since going public.
  • The vast majority of the company's 300 million shares will become freely tradeable, compared to 13 million previously.
  • Xanadu stock quadrupled in its first weeks as a public company, then crashed and closed Friday at US$7.42 per share.
Xanadu stock faces test as lockup set to lift for most investors

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