Quantum

Mehmet Sanliol (Evercore): Why quantum valuations hinge on 2030 revenue multiples and consolidation

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 24/10/2026, 07:19:24 UTC.

Briefings

Evercore managing director Mehmet Sanliol advises quantum companies to prioritize private market funding and consolidation over public markets, citing a 2030-2035 revenue multiple valuation model discounted at 25%. He notes that public companies face scrutiny and funding constraints, while private firms can access liquidity and equity for M&A. The article discusses the lack of a proven quantum IPO path and the strategic value of talent consolidation.

Key points

• Quantum companies are valued using 2030-2035 revenue multiples discounted at approximately 25% to account for future risks.
• Public markets offer limited liquidity and face significant scrutiny, whereas private markets provide access to equity for M&A and talent consolidation.

Context

Mehmet Sanliol, Evercore's managing director on quantum technologies, advises investors that private markets offer superior liquidity and equity access compared to public markets for quantum companies. The industry faces a limited talent pool, making consolidation and M&A critical for sustaining growth.

Limitations

The article is a transcript from an interview published in October 2026. It covers valuation methodologies, market signals, and strategic advice but does not provide specific financial data, company names, or quantitative forecasts beyond the stated multiple ranges.

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