Quantinuum hit the public markets on June 4 with the kind of entrance most IPOs dream about. Shares opened at $68, a 13% jump from the $60 IPO price, before settling to close around $60.38.
The company raised $1.68 billion by selling 28 million shares, landing a post-IPO valuation somewhere between $14B and $15B.
Inside the numbers
Quantinuum, now trading on NASDAQ under the ticker QNT, actually upsized its offering before pricing. The initial range sat at $53 to $55 per share. The final price of $60 tells you demand was running hot well before the opening bell.
Meanwhile, quantum computing peer IonQ saw its shares decline 3.8% during the same trading session.
