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Quantinuum raises $1.68B, lists on NASDAQ
Quantinuum, a company specializing in quantum computing, began trading its shares on the Nasdaq Stock Market on Thursday, with the stock opening at $68 after raising approximately $1.68 billion through an initial public offering (IPO). This was above the expected price range of $53 to $55 per share. The company's market capitalization at the start of trading was around $17.6 billion, reflecting growing investor interest in the quantum computing sector. The company was founded in 2021 through the merger of Honeywell’s quantum computing division with the British firm Cambridge Quantum.
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