Quantianum considers raising IPO size and price range

According to Bloomberg citing informed sources, quantum computing company Quantinuum plans to increase the size of its initial public offering (IPO) and raise the offering price range by about 10% due to strong investor subscription demand. Quantianum previously planned to issue approximately 210 million shares at a price range of $45 to $50 per share, corresponding to a maximum valuation of approximately $12.7 billion. The IPO has received several times over subscription, and the company plans to list on NASDAQ under the stock code "QNT" and seek to raise $1.05 billion. Quantianum was formed by the merger of Honeywell's quantum computing business and Cambridge Quantum, and is one of the world's most highly valued quantum computing companies.