Quantinuum Inc., a quantum computing company backed by Honeywell International, prices and launches a $1.68 billion upsized initial public offering in the United States. The IPO sells 28 million shares at $60 each, and the company pursues a traditional IPO structure rather than the SPAC route used by some other quantum-focused firms. Following pricing, Quantinuum’s stock begins trading above its listing price. Bloomberg reports the shares open about 13% higher, while CNBC says the stock opens at $68 per share. The Next Web also notes that the final IPO price of $60 is above the marketed range of $53 to $55, pointing to strong investor demand. Honeywell retains a majority stake in Quantinuum after the IPO and continues as a strategic customer and partner. Multiple outlets describe the move as reflecting growing market interest in quantum computing as the sector draws more investor attention. MarketWatch adds that trading expectations include an opening valuation that could exceed $18 billion, based on indications for the share price at or near the opening.
Honeywell-Backed Quantinuum Prices Upsized IPO, Shares Open Above Offer Price
Quantinuum Inc., a quantum computing company backed by Honeywell International, prices and launches a $1.68 billion upsized initial public offering in the United States. The IPO sells 28 million share...
- Quantinuum, backed by Honeywell International, prices an upsized U.S. IPO at $60 per share.
- The company sells 28 million shares and raises $1.68 billion in gross proceeds.
- Quantinuum’s IPO is structured as a traditional IPO, not a SPAC.
- The stock opens above the offer price, with reports citing roughly a 13% jump and an opening price around $68.
- Honeywell retains a majority stake and continues as a strategic customer and partner after the listing.
Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., opened 13% above its listing price after raising $1.68 billion in an upsized US initial public offering.
2 months agoHoneywell will retain a majority stake in Quantinuum and will continue to be a strategic customer and partner following the listing.
2 months agoQuantinuum could be valued north of $18 billion, given indications for an opening price of about $71.
2 months agoThe marketed range was $53 to $55. Quantinuum priced at $60. That gap, the willingness of investors to pay above what the bankers asked, is the real news in the Honeywell-backed company’s initial public offering, which raised $1.68bn and set a valuation the entire quantum-computing sector will now be measured against. The mechanics are straightforward. […] This story continues at The Next Web
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