Jun. 5 at 10:37 PM
Quantinuum completed its initial public offering of 28 million Class A common shares at
$60 per share, raising approximately
$1.68 billion in gross proceeds before underwriting discounts and expenses. The quantum computing company began trading on the Nasdaq Global Market under the ticker QNT after its registration statement was declared effective by the SEC on June 3.
The IPO was led by J.P. Morgan and Morgan Stanley as joint lead book-running managers, with Jefferies, Evercore ISI, BofA Securities, UBS, Cantor, Mizuho, Needham, Societe Generale, and TD Cowen participating as book-runners.
Headquartered in Broomfield, Colorado, Quantinuum develops quantum computing systems based on its Quantum Charge-Coupled Device (QCCD) architecture, a technology designed to improve scalability and performance in quantum computing. The company operates facilities across the U.S., U.K., Germany, Japan, Qatar, and Singapore.
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