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Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up

Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up June 3 : Honeywell's Quantinuum said on Wednesday it has raised $1.68 billion in its U.S. initial public offering after pricing shares at $60 apiece, as investors flocked to one of the market's fast-growing emerging technology sectors. Broomfield, Colorado-based Quantinuum sold 28 million shares in the offering. Reuters exclusively reported the pricing details earlier in the day.

Channel News Asia 6d ago

Honeywell's Quantinuum eyes $14.3 billion valuation in upsized US IPO

Honeywell's Quantinuum eyes $14.3 billion valuation in upsized US IPO June 1 : Honeywell's Quantinuum is targeting a valuation of up to $14.3 billion in its upsized U.S. initial public offering, underscoring robust investor appetite around quantum computing. The Broomfield, Colorado-based company is now seeking up to $1.46 billion by marketing 26.5 million shares priced between $53 and $55 apiece, it said on Monday. It had earlier aimed to raise up to $1.05 billion by offering about 21.1...

Channel News Asia 9d ago

Exclusive-Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up, source says

Exclusive-Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up, source says June 3 : Honeywell's Quantinuum raised $1.68 billion in its U.S. initial public offering after pricing shares at $60 apiece, a source familiar with the matter said on Wednesday, as investors flocked to one of the market's fast-growing emerging technology sectors. Broomfield, Colorado-based Quantinuum sold 28 million shares in the offering, the source said. The company did not...

Channel News Asia 6d ago

Honeywell's Quantinuum heads for Nasdaq debut as quantum computing gains momentum

Honeywell's Quantinuum heads for Nasdaq debut as quantum computing gains momentum June 4 : Honeywell's Quantinuum is set to make its U.S. market debut later on Thursday, after strong investor interest helped the quantum computing company raise $1.68 billion in an upsized initial public offering. Breakthroughs in the fast-growing technology have spurred bets that quantum machines could eventually outperform conventional computers on certain complex tasks. Sentiment was also buoyed after the...

Channel News Asia 6d ago

Honeywell's Quantinuum set to open higher in Nasdaq debut after upsized IPO

Honeywell's Quantinuum set to open higher in Nasdaq debut after upsized IPO June 4 : Shares of Honeywell-backed Quantinuum were indicated to open 1.67 per cent above their initial public offering price in their Nasdaq debut on Thursday, giving the quantum computing company a potential valuation of about $15.82 billion. The stock was last indicated to trade at $61, compared with its IPO price of $60. Breakthroughs in the fast-growing technology have spurred bets that quantum machines could...

Channel News Asia 6d ago