Quantinuum Raises IPO Price Range by About 10% as Demand Surges

According to Bloomberg, quantum computing company Quantinuum is considering increasing its IPO share count and raising its offering price range by around 10% on May 30, driven by strong investor demand. The company had previously planned to issue approximately 21 million shares at $45–$50 per share, valuing the company at up to $12.7 billion.

The IPO has already attracted multiple times oversubscription, Bloomberg reported. Quantinuum, formed from the merger of Honeywell's quantum computing business and Cambridge Quantum, plans to list on Nasdaq under the ticker QNT.