The Globe and Mail reports in its Tuesday edition that Canadian quantum computer developer Xanadu Quantum Technologies Inc. is going public on Nasdaq and the Toronto Stock Exchange, tapping into soaring investor interest in the emerging space. The Globe's Sean Silcoff and Ivan Semeniuk write that if successful on the TSX, it would be the first tech company to debut there since 2021 and the first quantum business to list on the exchange. Toronto-based Xanadu said Monday it would go public by merging with Nasdaq-listed special purpose acquisition company (SPAC) Crane Harbor Acquisition Corp. The deal is expected to close by spring 2026. Crane's stock rose 11.8 per cent on the news. The company wants to raise up to $500-million, valuing the combined company at $3.1-billion -- up from $1-billion when Xanadu last raised money in 2022 (all figures U.S.). Private investors have committed $275-million, including chip giant AMD, BMO Global Asset Management, CIBC Asset Management, MMCAP Ventures, Planet First Partners and Polar Asset Management Partners. Those investors account for 90 per cent of the $275-million. Past Xanadu backers Bessemer Venture Partners, Georgian Partners and OMERS Ventures have committed the rest.