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Quantinuum or raises IPO issuance scale and price range
Deep Tide TechFlow News, May 30 — According to Bloomberg, Quantinuum is considering increasing the size of its initial public offering (IPO) and has raised the offering price range by about 10%. Sources say this move could raise the company's funds by several hundred million dollars.
Quantinuum previously planned to issue approximately 21 million shares at a price range of $45 to $50, corresponding to a maximum valuation of about $12.7 billion. Market reports indicate that the demand for the IPO subscription far exceeds the available shares, prompting the company to evaluate adjustments to the issuance plan.
Quantinuum, spun off and controlled by Honeywell, is one of the most closely watched companies in the current quantum computing field. Its IPO is expected to become one of the largest quantum computing company listings this year.