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Quantinuum Makes IPO Debut as Quantum Era Approaches (QNT:NASDAQ)
The quantum computing company raised $1.68 billion after pricing above its range, reflecting strong demand from institutional and retail investors.
- On Thursday, Quantinuum debuted on the Nasdaq exchange, with shares opening at $68 per share following an upsized IPO priced at $60. The offering valued the quantum computing firm at about $17.6 billion.
- Founded in 2021 through the merger of Honeywell's quantum division and UK-based Cambridge Quantum, the company develops hardware and software solutions. Honeywell retains about 48.1% of the combined voting power and remains a strategic partner.
- CEO Raj Hazra told Reuters that "the commercialization has started," yet Japan's RIKEN research institute accounted for roughly 60% of 2025 revenue. This concentration underscores reliance on government-funded research organizations.
- The Department of Commerce announced a $2 billion initiative supporting nine quantum companies, with Quantinuum receiving $100 million in funding. The Trump administration's backing stems from the 2022 Chips and Science Act.
- IPOX Schuster analyst Kat Liu noted investors are buying into long-term potential, though commercial adoption remains limited. Investors remain cautious about the industry's ability to generate sustainable revenue in the near term.
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Quantinuum targets $15.8B valuation as Honeywell-backed quantum computing startup debuts on Nasdaq - Tech Startups
Quantinuum, the quantum computing startup backed by Honeywell, made its Nasdaq debut Thursday with shares indicated to open above their initial public offering price, giving the company a potential valuation of about $15.82 billion. The stock was last indicated at […] The post Quantinuum targets $15.8B valuation as Honeywell-backed quantum computing startup debuts on Nasdaq first appeared on Tech Startups.
Honeywell-Backed Quantinuum Shares Jump 13% After Upsized IPO
Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., reversed a 19% gain to close just above its debut price after raising $1.68 billion in an upsized US initial public offering.
·New York, United States
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Coverage Details
Total News Sources16
Leaning Left5Leaning Right2Center2Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 22%
R 22%
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