Quantinuum IPO Said to Be More Than 20 Times Oversubscribed Ahead of Pricing
Quantinuum's initial public offering is said to be more than 20 times oversubscribed ahead of pricing, after the Honeywell-backed quantum computing company increased the size of the deal earlier this week. Quantinuum is seeking as much as $1.46 billion.
The company plans to sell 26.5 million shares at $53 to $55 each, up from 21 million shares at $45 to $50 previously, implying a valuation of as much as $14.3 billion. The offering is expected to price Wednesday after the market close and begin trading Thursday on Nasdaq under the ticker QNT.
From the sources (12 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