Honeywell’s Quantinuum raises US$1.68bil in US IPO

The listing is the latest test of investor appetite for quantum computing companies. — Reuters

NEW YORK: Honeywell’s Quantinuum has raised US$1.68bil in its US initial public offering (IPO) after pricing shares at US$60 apiece, a source says, as investors flocked to one of the market’s fast-growing emerging technology sectors.

Broomfield, Colorado-based Quantinuum sold 28 million shares in the offering, the source added.