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Quantum begins Nasdaq trading at $68
Quantinuum launched its shares on the NASDAQ at a price of $68 per share, raising $1.68 billion through a broad initial public offering, with a market capitalization of approximately $17.6 billion. The company was founded in 2021 as a result of the merger between Honeywell's quantum computing division and Cambridge Quantum. It serves the pharmaceutical, science, finance, and government sectors. Quantum computing technology relies on the principles of quantum mechanics to perform complex tasks beyond the capabilities of traditional computers. Its adoption remains in the early stages, but the demand for it is increasing.
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