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2w ago

Quantinuum Prices Upsized IPO at $60, Raises $1.68 Billion and Lists as QNT

Strong investor demand plus a planned $100 million Commerce Department stake signal political and institutional backing for the quantum sector.

An inside look at an ion trap within Quantinuum's quantum computer, which processes data using trapped-ion technology, Broomfield, U.S. in this handout picture from 2019. Picture taken 2019. Quantinuum/Handout via REUTERS
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The Nasdaq logo is displayed on a screen at the Nasdaq Market site in Times Square in New York City, U.S., April 17, 2026. REUTERS/Brendan McDermid/File Photo

Overview

  • Quantinuum priced an upsized initial public offering at $60 per share on June 3, selling 28 million Class A shares and raising $1.68 billion.
  • The stock began trading on the Nasdaq Global Market under the ticker QNT on June 4 and opened near $68, implying a market value in the roughly $15 billion to $17.6 billion range depending on intra‑day pricing.
  • Honeywell will keep about 48.1% of combined voting power after the offering and the Commerce Department is expected to take up to $100 million under a new federal quantum program.
  • The company's 2025 results show modest revenue of about $30.9 million, bookings of roughly $79.3 million and a net loss near $192.6 million, with about 60% of 2025 revenue tied to Japan’s RIKEN research institute, highlighting customer concentration and commercialization risk.
  • Market watchers say Quantinuum’s IPO and early trading will set a price signal for other public quantum firms, likely drawing more institutional coverage and capital to the sector while also forcing a reprice of peers that share correlated investor demand.