Pre-IPO quantum computing company profile · Founded 2017 · Hefei, China · Quantum computing companies in China
Company Facts
IPO Status
STAR Market IPO in preparation
Origin Quantum remains private. Listing plans and company targets are subject to change and do not guarantee an offering or completed listing.
Origin Quantum (本源量子) is China's flagship full-stack quantum computing company, spun out of the University of Science and Technology of China in Hefei. It builds superconducting quantum computers end-to-end — chips, control systems, cryogenics, and its own operating system — and runs the Wukong series on a public quantum cloud. The 72-qubit Origin Wukong shipped in January 2024; the 180-qubit Wukong-180 followed in 2026.
Backed by more than $800M from Chinese state funds and strategic investors, Origin Quantum initiated IPO counseling for the Shanghai STAR Market in September 2025 at an implied valuation around ¥6.9B (~$950M). A listing would make it the second Chinese pure-play quantum stock after QuantumCTek (688027.SS).
In June 2026, investor Zhongguancun Development Group reported nearly ¥3 billion in Pre-IPO financing at a ¥21 billion pre-money valuation. Proceeds are intended for thousand- and ten-thousand-qubit development, a 12-inch quantum-chip pilot line, and next-generation superconducting systems. The announcement describes IPO preparation, not a completed listing.
| Round | Amount | Date | Key Investors | Valuation |
|---|---|---|---|---|
| Pre-IPO | Nearly ¥3B | Jun 2026 | Not fully disclosed; reported by existing investor Zhongguancun Development Group | ~¥21B pre-money |
| State + strategic rounds | $800M+ cumulative | 2017–2025 | China state funds, SDIC, CAS-affiliated investors | ~¥6.9B implied (Sep 2025) |
QuantumCTek (688027.SS) is the listed Chinese quantum comparable — tracked in our International tier. Rigetti (RGTI) is the US superconducting full-stack comparable.
Related company roadmaps: Official Rigetti quantum roadmap · Official IonQ quantum roadmap
Can you buy Origin Quantum stock?
Not yet. Origin Quantum began STAR Market IPO counseling in September 2025; until it lists, the only Chinese pure-play quantum stock is QuantumCTek (688027.SS) in Shanghai.
What is Origin Quantum's valuation?
Investor Zhongguancun Development Group reported a ¥21 billion pre-money valuation in June 2026 alongside nearly ¥3 billion in Pre-IPO financing. This is a private financing valuation, not a public market capitalization.
Can foreign investors buy STAR Market stocks?
Direct access is limited, but qualified foreign institutional investors and some brokerages offer Shanghai Stock Connect access to STAR Market names. Most US retail investors track them via indexes or ADRs where available.
More pre-IPO quantum companies
Static profile, updated manually · Last updated 2026-10-03 · Sources: The Quantum Insider — China quantum investment surge ↗ · Zhongguancun Development Group — Origin Quantum Pre-IPO financing (June 16, 2026) ↗ · Origin Quantum company overview ↗ · Origin Quantum Wukong-180 service documentation ↗