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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.
Honeywell’s quantum company goes public. What investors should know about the IPO
Honeywell-backed Quantinuum saw shares jump as much as 19% to over $71 each in their Thursday debut. The quantum company's stock closed well off those highs, up less than 1%, bringing the market cap to $15.66 billion. Roughly 28 million Quantinuum shares were priced at $60 apiece Wednesday night, above its previous expected range of $53 to $55.