Honeywell-backed Quantinuum increased the size of its initial public offering.
The company now plans to sell 26.5 million shares. The new filing sets a price range between $53 and $55 per share. This offering could raise up to $1.46 billion. The company’s total valuation could reach $14.3 billion.
Quantinuum previously planned to offer approximately 21 million shares. The original price range sat between $45 and $50 per share. The upsized offering marks the largest-ever IPO in the quantum computing sector. Quantinuum will list on the Nasdaq under the ticker symbol QNT.