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Quantinuum's arrival on the stock market is separating quantum computing's contenders from its pretenders.
Quantinuum, the Honeywell-backed trapped-ion quantum computing company, began trading on the NASDAQ today after pricing its IPO at $60 per share and raising $1.68 billion. On CNBC’s Squawk Box this morning, CEO Rajeeb Hazra delivered the line that will define the debut: “It is not 10 to 15 years out. It’s very much now. And ... The Next Quantum Computing IPO CEO Just Told CNBC ‘It Is Not 10 to 15 Years Out. It’s Very Much Now’
(Bloomberg) -- 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.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook MissStock Buyers Step In to Lift Dow Av
Quantinuum stock is expected to start trading on Thursday after the Honeywell-controlled company launches its IPO.
Quantinuum stock, with the ‘QNT’ symbol, will begin trading on the Nasdaq Global Market on Thursday.
Quantinuum is set to make the biggest trading debut for any quantum company this year. As anticipation rises, the company is upsizing its initial public offering to as much as $1.46 billion. Quantinuum indicated Monday that it plans to offer 26.5 million shares at prices ranging from $53 to $55 each, compared with earlier plans to sell roughly 21 million shares for $45 to $50 each.
Quantinuum, which has filed for an IPO, will likely start trading in early June as the number of quantum computing stocks continues to swell.
(Bloomberg) -- Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., is seeking to raise $1.05 billion in its US initial public offering, capitalizing on investor enthusiasm for the technology. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inc
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