Quantinuum debuts Thursday after pricing 28 million shares at $60, marking one of the largest quantum computing IPOs to date.
Quantinuum, a quantum computing firm backed by Honeywell International, raised $1.68 billion in its initial public offering. The company priced 28 million shares at $60 each, above initial expectations, as demand for quantum computing exposure grows despite industry-wide losses.
The IPO adds to a small but expanding list of quantum computing stocks, most of which remain unprofitable as they invest in commercializing the technology. Quantinuum’s debut follows a surge in investor interest in high-growth, high-risk sectors.
Dow Jones futures edged higher ahead of the trading start, while tech stocks faced pressure from declines in Broadcom and CrowdStrike.