Shares of Quantinuum rose 13.3% in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell's quantum computing company became the latest to benefit from robust investor demand.
The stock opened at $68, compared with its IPO price of $60. Breakthroughs in the fast-growing technology have spurred bets that quantum machines could eventually outperform conventional computers on certain complex tasks. Quantinuum, like its rival IonQ, makes machines that hit trapped ions with lasers to perform quantum computations, where data can be either 1 or a 0, as with conventional computers, or both a 1 and a 0 at once.
