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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 5d ago

S&P 500 sees $1.8 trillion wipeout, Nasdaq tallies biggest point drop on record. Here’s what investors need to know about Friday’s selloff.

A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.

MarketWatch 4d 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 5d ago