Quantinuum raises $1.68 billion in IPO
Quantinuum, a trapped-ion quantum computing company, started trading on the NASDAQ today after raising $1.68 billion in its initial public offering. The company priced its IPO at $60 per share.
The company’s CEO, Rajeeb Hazra, stated that quantum computing is ‘very much now’ and will see acceleration going forward. Quantinuum’s revenue for Q1 2026 was $1.3M, despite $79M in bookings for 2025.
The US government has earmarked $100M for Quantinuum as part of its $2 billion quantum initiative, signaling the strategic importance of quantum computing. Quantinuum joins IonQ and D-Wave as public trapped-ion quantum plays.
The company’s financials and growth prospects will be closely watched by investors, particularly in the context of the broader AI sector.