From Barron's June 3:
Quantinuum raised $1.68 billion in its upsized initial public offering late Wednesday, setting the stage for one of the most anticipated tech listings of the year.
The quantum computing company priced its upsized IPO of 28 million shares at $60 apiece. Underwriters have been granted a 30-day option to sell an additional 4.2 million shares if demand is higher than expected, Quantinuum said.
From SpaceX to Anthropic, the pipeline of blockbuster IPOs is moving fast. But for quantum enthusiasts, Quantinuum’s forthcoming trading debut is a chance to back a rising market leader.
The Honeywell-backed upstart is slated to go public Thursday. Shares will be listed on the Nasdaq Global Market under the ticker symbol “QNT.”
Interest in quantum computing has exploded over the past year. Moving far beyond theoretical technology, it represents an entirely different way of processing information. These systems harness quantum mechanics to solve problems far outside the reach of traditional hardware, promising exponential speedups on tasks that would take classical supercomputers millennia to complete.
Quantinuum itself aims to capitalize on this wave of interest. Just on Monday, the company upsized its IPO to 26.5 million shares for $53 to $55 each. At the top end of the range, Quantinuum would have had a market value of $14.3 billion, making it the second-largest publicly traded quantum company behind IonQ.
The IPO caps months of uncertainty for investors looking to Quantinuum as the next big force in quantum computing. Formed in 2021 through a merger between Honeywell Quantum Solutions and a U.K.-based start-up, Quantinuum has built a roster of collaborators across the energy, aerospace, and finance sectors....
....MUCH MORE
Here's the amended S-1 dated June 1.
And the upsize dated June 3 - Registration adding securities to prior Form S-1 registration [Rule 462(b)]
