Honeywell-Backed Quantinuum Raises $1.68 Billion in Upsized IPO
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., raised $1.68 billion in its upsized US initial public offering, demonstrating growing investor enthusiasm for the emerging technology.The Broomfield, Colorado-based company sold 28 million shares for $60 each, according to a statementBloomberg Terminal Wednesday. The offering, which was upsized from 26.5 million shares, priced above its marketed range of $53 to $55, and values the company at $15.6 billion, based on the outstanding shares in its filings.