Quantinuum Adjusts IPO Size and Price Range

May 30 (Bloomberg) — Quantum computing firm Quantinuum is considering expanding the size of its initial public offering (IPO) and raising its share price range amid strong investor demand, according to sources familiar with the matter. Previously, Quantinuum planned to issue approximately 21 million shares at a price band of $45 to $50 apiece, which would have put its maximum valuation at around $12.7 billion. Bloomberg earlier reported the IPO drew several times oversubscribed orders, signaling robust appetite from backers. Quantinuum, formed via the merger of Honeywell’s quantum computing division and Cambridge Quantum, ranks among the world’s highest-valued quantum technology companies. It will list on the Nasdaq under the stock ticker symbol “QNT”. Separately, BlockBeats noted in a May 26 report that Quantinuum sought to raise $1.05 billion through its U.S. IPO, tapping into current investor excitement over quantum computing to speed up its public listing process.