Quantum precision measurement firm CIQTECH surges 419% in IPO, market cap hits $6B
创业邦 · wechat · 2026-08-11
CIQTECH (Guoyi Quantum) officially listed on the STAR Market, becoming China's first A-share stock dedicated to quantum precision measurement. The company raised 723 million RMB (net) at an IPO price of 21.22 RMB/share. Shares skyrocketed over 419% on the first day of trading, pushing its total market cap beyond 44 billion RMB.
Founded by a 1990s-born USTC prodigy He Yu and academician Du Jiangfeng, CIQTECH focuses on quantum precision measurement and high-end scientific instruments. Its core products include commercial electron paramagnetic resonance (EPR) spectrometers, serving top universities and enterprises like CATL. Financials show 2025 revenue reached 666 million RMB with a gross margin of 46.98%.
The article notes that with multiple quantum tech firms advancing their IPOs, China's quantum sector is entering a new phase of capitalization. Hefei's long-term industrial cultivation model, leveraging local academic resources, has successfully incubated a dense cluster of hard-tech listed companies.
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