🔴 IonQ is trading 10.25% down today after pricing a $2.0 billion equity offering

IonQ is trading 10.25% down at $31.17, with the decline primarily linked to its pricing of a $2.0 billion equity offering.

• The offering includes common shares, pre-funded warrants, and additional long-term warrants; coverage links the financing to dilution concerns, shortly after IonQ announced its all-stock Elisity acquisition.
• Hotter-than-expected September CPI lifted rate concerns and weighed on technology and growth stocks, adding to the decline.