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Home/News Feed/Quantinuum raises $1.68B in Nasdaq IPO, debuting at $68 per share with $17.6B market cap.
HON
$222.85
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Quantinuum raises $1.68B in Nasdaq IPO, debuting at $68 per share with $17.6B market cap.

Market News
04 Jun 2026
CNBC
View Source
Bullish
pluang ai news

Quantinuum, formed by merging Honeywell's quantum division and Cambridge Quantum, debuted on Nasdaq at $68 per share, raising $1.68 billion in an upsized IPO. The company, valued at about $17.6 billion, offers full-stack quantum computing hardware and software to sectors like pharmaceuticals and finance. Despite early-stage adoption and recent revenue decline, Quantinuum secured $100 million from a U.S. government quantum funding program. The IPO highlights growing investor interest in quantum computing amid advancements by tech giants like Microsoft and Google.

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The global hazardous area equipment market, valued at $13.5 billion in 2025, is projected to reach $25.28 billion by 2035, growing at a CAGR of 6.48%. Growth is fueled by stricter industrial safety regulations like ATEX and OSHA, and the adoption of ...

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Bullish
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