Honeywell-Backed Quantinuum Prices Upsized IPO at $60, Raises $1.68 Billion
Quantinuum, the Honeywell-backed quantum computing company, priced its upsized US initial public offering at $60 a share, raising $1.68 billion. The final terms exceeded the company’s previous fundraising target of as much as $1.46 billion.
Ahead of pricing, the deal was said to be more than 20 times oversubscribed. Quantinuum had most recently marketed 26.5 million shares at $53 to $55 each, up from an earlier plan to sell 21 million shares at $45 to $50, and the shares are expected to begin trading Thursday on Nasdaq under the ticker QNT.
From the sources (15 posts)
@firstsquawkQUANTINUUM NOW SEEKS UP TO $1.46B IN IPO, SOUGHT $1.05B
@wallstengineHONEYWELL'S QUANTINUUM NOW SEEKS UP TO $1.46B IN IPO, UP FROM PRIOR $1.05B TARGET
@businessHoneywell-backed quantum computing company Quantinuum boosted the size of its IPO to as much as $1.46 billion, raising the number of shares offered and the price range
@stockmktnewzHoneywell $HON backed Quantinuum $QNT has upsized its IPO offering Quantinuum is expected to begin trading on Thursday of this week
@stocksavvyshayHoneywell’s $QNT now seeking up to $1.46B in its IPO (up from prior $1.05B target) making it one of the largest quantum IPOs to date. Quantinuum’s mission is to accelerate quantum computing and use it to solve problems classical computers
@techmemeSEC filing: quantum computing company Quantinuum upsizes its IPO, selling 26.5M shares for $53 to $55 each to raise up to $1.46B at an up to $14.3B valuation (@lianabaker / Bloomberg) (Visit Techmeme dot com for the link and full context!)
@zerohedge*QUANTINUUM IPO IS SAID TO BE MORE THAN 20 TIMES OVERSUBSCRIBED
@wallstengineHONEYWELL'S QUANTINUUM IPO IS SAID TO BE MORE THAN 20 TIMES OVERSUBSCRIBED
@deitaone*QUANTINUUM IPO IS SAID TO BE MORE THAN 20 TIMES OVERSUBSCRIBED
@stockmktnewzHONEYWELL'S $HON QUANTINUUM IPO IS SAID TO BE MORE THAN 20 TIMES OVERSUBSCRIBED Here’s my HON cost basis
@stocksavvyshayHoneywell’s $QNT IPO is reportedly 20x oversubscribed. Quantinuum is seeking up to $1.46B at a $14B valuation in what could be the largest quantum IPO to date.
@polymarketmoney$HON QUANTINUUM IPO IS SAID TO BE MORE THAN 20 TIMES OVERSUBSCRIBED
@stockmktnewzHoneywell $HON owned Quantinuum just priced its IPO at $60 per share
@businessQuantinuum, a quantum computing company backed by Honeywell, raised $1.68 billion in its upsized US initial public offering, demonstrating growing investor enthusiasm for the emerging technology
@cnbcHoneywell's Quantinuum raises $1.68 billion in U.S. IPO as quantum computing heats up, Reuters reports