Honeywell's Quantinuum said on Wednesday it had raised $1.68 billion in its U.S. initial public offering after pricing shares at $60 apiece.

June 1 : Honeywell's Quantinuum is targeting a valuation of up to $14.3 billion in its upsized U.S. initial public offering, underscoring robust investor appetite around quantum…

Quantinuum's revised IPO terms comes on the heels of the U.S. government unveiling plans last month to take $2 billion in equity stakes across nine quantum-computing companies.

Quantinuum has reportedly increased the size and pricing of its IPO, raising its potential valuation to approximately $14.3 billion.