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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

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 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

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

Quantinuum stock opens at $68 per share after IPO

Quantinuum opened trading at $68 per share on the Nasdaq on Thursday, after upsizing its initial offering. The company raised $1.68 billion in an upsized IPO after it priced at $60 per share, above its earlier range of $53 to $55 per share. At the first trade price, Quantinuum has a market cap of about $17.6 billion.

CNBC 5d 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 8d ago

Honeywell-Backed Quantinuum Shares Jump 13% After Upsized IPO

Quantinuum Inc. signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, June 4, 2026. Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., raised $1.68 billion in its upsized US initial public offering, demonstrating growing investor enthusiasm for the emerging technology.

Bloomberg Technology 5d ago

Honeywell-Backed Quantinuum Shares Jump 13% After Upsized IPO

Quantinuum Inc. signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, June 4, 2026. Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., raised $1.68 billion in its upsized US initial public offering, demonstrating growing investor enthusiasm for the emerging technology.

Bloomberg Markets 5d ago

Honeywell-Backed Quantinuum Boosts IPO Target to $1.46 Billion

A Quantinuum model H2 quantum computer during the Nvidia GTC (GPU Technology Conference) in Washington, DC, US, on Wednesday, Oct. 29, 2025. Nvidia Corp. achieved a historic $5 trillion market capitalization on Wednesday as Chief Executive Officer Jensen Huang's spree of deals catapults the artificial intelligence frenzy to new heights.

Bloomberg Markets 8d ago

Quantinuum raises $1.68 billion in IPO that seeks to give quantum computing more street cred

Quantinuum is pursuing a traditional IPO, whereas many other quantum players have gone the SPAC route.

MarketWatch 6d ago