Quantinuum Shares Indicated at $70 in Nasdaq Debut After $1.68 Billion IPO
Quantinuum, the Honeywell-backed quantum computing company, was indicated to open at as much as $70 in its Nasdaq debut, above its $60 initial public offering price and up from earlier indications of $61 and $62.50. The company raised $1.68 billion after upsizing the deal to 28 million Class A shares priced above the marketed $53-to-$55 range, following demand that was said to exceed supply by more than 20 times.
The listing marks the first quantum-computing pure-play to go public through a traditional IPO and implies a market value of about $15.6 billion at the offer price. Quantinuum, formed in 2021 from Honeywell Quantum Solutions and Cambridge Quantum, builds trapped-ion quantum computers, but it is not yet profitable and expects losses for the foreseeable future.
From the sources (14 posts)
@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
@stockmktnewzHoneywell $HON owned Quantinuum $QNT is going public today
@tradfi*QUANTINUUM SHARES INDICATED TO OPEN AT $61 IN NASDAQ DEBUT VS $60 IPO PRICE
@zerohedge*QUANTINUUM SHARES INDICATED TO OPEN AT $62.50 EACH, IPO $60
@stocksavvyshayHoneywell-backed $QNT is going public today at a $16B valuation in the largest quantum IPO to date. Polymarket gives Quantinuum a 36% chance of closing IPO day between a $22B and $25B market cap.
@deitaone$QNT - QUANTINUUM SHARES INDICATED TO OPEN AT $70 IN NASDAQ DEBUT VS $60 IPO PRICE