Quantinuum, the quantum computing unit of US multinational Honeywell, has gone public, raising $1.68 billion from the sale of 28 million shares.
The company, which had initially priced its shares at $60 – a figure that was already above its earlier range of $53-$55 – opened trading at $68 a share. The price then rose to $71.35, before eventually closing at $60.38 on May 14, giving it a market value of $15.7bn.
– Quantinuum via LinkedIn
In a post on LinkedIn, Quantinuum wrote: “Today’s milestone is the direct result of the dedication of our team, the trust of our partners, and the support of the entire quantum community. While this marks the completion of an incredible chapter in our journey, it also represents the beginning of a new one.
“We believe Quantum computing is one of the most profound technological ambitions of our time. We believe the full impact of what our technology can achieve will extend far beyond today’s identified use cases, reshaping industries and redefining what is computationally possible.“
