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. The listing is the latest test of investor appetite for quantum computing companies, as breakthroughs in the technology spur bets that quantum machines could eventually outperform conventional computers on certain complex tasks. Earlier this week, the company increased the price range to $53-$55 per share and boosted the number of shares on offer to 26.5 million, typically a sign of strong investor demand. Quantinuum will begin trading on the Nasdaq on Thursday, under the ticker symbol “QNT”. J.P.Morgan and Morgan Stanley are the lead underwriters of the offering. The company was formed in 2021 through the merger of Honeywell’s quantum computing business and Cambridge Quantum. While still in the early stages of commercial growth, Quantinuum has reported accelerating bookings in recent months as interest in the sector increases.

Full report : Honeywell’s Quantinuum set to open higher in Nasdaq debut after upsized IPO.

For more see the OODA Company Profile on Quantinuum.