Honeywell's quantum computing subsidiary Quantinuum raised £1.25 billion ($1.68 billion) in its US initial public offering on Wednesday, pricing 28 million shares at £44.55 ($60) each, and securing what is now the largest public listing ever completed by a dedicated quantum computing company.
The final price came in above the marketed range of $53 to $55 per share, and the share count was upsized from the 26.5 million originally offered, Reuters confirmed. The deal values the Broomfield, Colorado-based firm at roughly £11.58 billion ($15.6 billion) based on outstanding shares in its filings.
