Quantinuum closes flat in Nasdaq debut, after upsized offering

Key points

• Quantinuum closed little changed in its Nasdaq debut on Thursday, bringing its market value to $15.7 billion.
• Shares opened trading at $68 per share, hitting a session high of $71.35 a share.
• The company raised $1.68 billion in an upsized IPO after it priced at $60 per share, above its earlier range of $53 to $55 per share.
• Quantinuum was founded in 2021 out of a merger of Honeywell 's quantum computing division and UK-based Cambridge Quantum.
• The company describes itself as a "full-stack quantum computing platform," spanning both hardware and software.