The Globe and Mail reports in its Saturday edition that Xanadu Quantum Technologies stock had a strong debut on Friday, as Canada's first technology company to go public since late 2021 encountered grisly market conditions. The Globe's Sean Silcoff writes that Toronto-based Xanadu's stock closed at $11.50 on Nasdaq after merging with publicly traded special-purpose acquisition company (SPAC) Crane Harbor Acquisition Corp., which went to market last year at $10 a share. The gain compared favourably with overall markets, which extended losses from earlier in the week, including the Nasdaq Composite Index, which was down 2.1 per cent. Xanadu ended the day with a market capitalization of more than $3.4-billion. Xanadu is one of several companies in a global race that features start-ups and giants, including Alphabet and IBM. They are all working to harness the logic-defying rules of quantum physics in machines they hope will vastly outperform the world's most powerful computers in several categories. That, in theory, should allow them to speed through sophisticated tasks such as complex economic forecasting, discovering advanced materials and pharmaceuticals. Xanadu has emerged as one of the nascent industry's leaders.