Honeywell’s Quantinuum raises $1.68 billion in US IPO as quantum computing heats up

Honeywell’s Quantinuum said on Wednesday it has raised $1.68 billion in its U.S. initial public offering after pricing shares at $60 apiece, 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.

Reuters exclusively reported the pricing details earlier in the day.