BUZZ — Quantum computing firm IonQ falls after $2 bln equity raise

* Quantum computing firm IonQ's shares down 4.7% at $33.10 premarket on Weds after announcing $2 bln equity raise * College Park, Maryland-based IONQ sells 20.5 mln shares and pre-funded warrants to buy 29.5 mln shares at $40 * IONQ shares on Tues fell 4.3% to close at $34.73, down 23% YTD * It also sells 7-yr warrants to buy ~100 mln additional shares; warrants' exercise price is $69.46, double the stock's last close * The securities offered will be purchased by Heights Capital Management from sole underwriter JP Morgan * Co intends to use net offering proceeds for working capital and other general purposes, and may use a portion to enter strategic acquisitions and partnerships, per the prospectus * Co had ~408.9 mln shares outstanding as of Oct 13 * Equity raise comes days after IONQ said it would buy privately held cybersecurity firm Elisity for up to $1.3 bln * 12 of 15 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $65, per LSEG data (Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380)