BlockBeats news, on May 30, Bloomberg, citing informed sources, reported that due to strong investor demand, quantum computing company Quantinuum is considering increasing the size of its initial public offering (IPO) and raising the price range. The sources said the company may increase the number of shares offered and raise the originally planned price range by approximately 10%.
Previously, Quantinuum planned to issue approximately 21 million shares at a price range of $45 to $50 per share, corresponding to a maximum valuation of about $12.7 billion. Bloomberg also previously reported that the IPO had received several times over-subscription.
Quantinuum, formed by the merger of Honeywell’s quantum computing business and Cambridge Quantum, is one of the world’s most highly valued quantum computing companies and plans to list on Nasdaq under the ticker symbol 'QNT'.
BlockBeats previously reported that on May 26, Quantinuum was seeking to raise $1.05 billion through its U.S. initial public offering (IPO), leveraging current investor enthusiasm for quantum computing technology to drive the listing process.