Honeywell’s quantum company goes public. What investors should know about the IPO

Key points

• Honeywell-backed Quantinuum saw shares jump as much as 19% to over $71 each in their Thursday debut.
• The quantum company's stock closed well off those highs, up less than 1%, bringing the market cap to $15.66 billion.
• Roughly 28 million Quantinuum shares were priced at $60 apiece Wednesday night, above its previous expected range of $53 to $55. The offering raised $1.68 billion.
• Quantinuum is listed on the Nasdaq under the ticker symbol QNT.
• The IPO was not only good news for Quantinuum, but also for Club name Honeywell International.