April 17 (Reuters) - Shares of Creotech Quantum CRQP.WA, a Polish quantum technology firm spun off from space company Creotech Instruments CRI1.WA, were halted on their expected Warsaw Stock Exchange debut on Friday.
At 0728 GMT, the theoretical opening price stood at 230 zlotys ($64) per share, but trading was kept on hold because the market was unable to determine a definitive opening price.
The listing follows the quantum unit's formal separation from Creotech Instruments earlier in April
Creotech Quantum focuses on quantum key distribution (QKD), a key area for secure communications
It aims to generate 100 million zlotys in revenue between 2026 and 2028 from the commercialisation of its QKD systems and single-photon detectors
Creotech Instruments will focus on its role as a space mission integrator and satellite technology provider for the growing European space sector
($1 = 3.5964 zlotys)
(Reporting by Alicja Surdy, additional reporting by Julia Zmarzlik)
((AlicjaEwa.Surdy2@thomsonreuters.com;))