Quantinuum Debuts on Nasdaq at $68, Raises $1.68B Valuation $17.6B
QNT•QNT•QNT•QNT•Quantinuum's Nasdaq debut opened at $68 per share, 13.3% above its $60 IPO price, valuing the quantum computing spinoff at $17.6 billion. The company sold 28 million Class A shares to raise $1.68 billion after upsizing its offering from 21 million shares at $45-$50.
Quantinuum opened trading at $68 per share on its first day of Nasdaq trading, representing a 13.3% increase over its $60 IPO price and establishing a market valuation of approximately $17.6 billion.
The company raised $1.68 billion by selling 28 million Class A shares after expanding its IPO plan from an initial 21 million shares at $45-$50 and an interim 26.5 million at $53-$55 to the final 28 million at $60.
Quantinuum is a quantum computing spinoff from Honeywell, operating a full-stack platform out of Broomfield, Colorado, with additional facilities in the US, UK, Germany, Japan and Singapore; Honeywell retains a majority ownership stake.
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