Quantinuum Upsizes IPO Target to $1.6 Billion

Created at 1 Jun · 12:57 UTC8 sources↑ Market-relevant7 events

IN SHORT

Quantinuum, a quantum computing company backed by Honeywell, has increased its IPO target to $1.6 billion. The company is now offering 26.5 million shares at $53-$55 each, up from 21 million shares at $45-$50. The offering is reportedly oversubscribed by a double-digit multiple, with an approximate post-IPO valuation of $13 billion.

Key Numbers

$1.6 billionQuantinuum's upsized IPO target

$13 billionQuantinuum's approximate valuation post-IPO

26.5 millionshares to be marketed in the upsized offering

$53-$55new price range per share

21 millionshares in earlier offering

$45-$50earlier price range per share

Who's Involved

Quantinuum

Honeywell-backed quantum computing company

Honeywell

Owner and backer of Quantinuum

IPOX Research

Provided analysis on Quantinuum's IPO terms

Quantinuum Upsizes IPO Target to $1.6 Billion

Key facts

Quantinuum increased its IPO price range to $53-$55 per share.
The number of shares offered increased from 21 million to 26.5 million.
The total IPO target is now $1.6 billion.
The company's valuation is approximately $13 billion.
The offering is reportedly oversubscribed by a double-digit multiple.

Quantinuum's increased IPO target and valuation underscore robust investor appetite for quantum computing companies. As a significant player backed by Honeywell, its public offering is a key event in the nascent quantum technology market, potentially attracting further investment and accelerating sector development. The strong market conditions are leading to a busy IPO calendar.

Quantinuum Upsizes IPO Target to $1.6 Billion

PiQ Daily

Key facts

Quantinuum Upsizes IPO Target to $1.6 Billion

PiQ Daily

Key facts

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