Quantinuum(QNT), a quantum computing hardware and software company, priced its IPO at $60.00 – $5.00 above the top of the range – last night. The deal’s size was increased at pricing to 28 million shares – up from 26.5 million. Quantinuum’s IPO raised $1.68 billion on Wednesday night, June 3, 2026.
In its NASDAQ debut today, Quantinuum’s stock opened at $68.00 – up $8.00 from its IPO price for a gain of 13.33 percent on volume of about 4.06 million shares.
At pricing, Quantinuum had a market cap of about $15.36 billion.
J.P. Morgan and Morgan Stanley served as joint lead active book-running managers.
The Quantinuum IPO was described as beyond 20 times oversubscribed in the countdown to pricing.
“Get.Stock” was the word on the Street.
On the road to going public, Quantinuum’s IPO was upsized twice.
Quantinuum, based in Broomfield, Colorado, has the advantage of being viewed as an early leader in hardware and software dedicated to quantum computing – the next foundational wave in computing.
The company calls quantum computing the step beyond classical compute – CPUs – and accelerated compute – GPUs. Quantum computing is viewed as capable of tackling problems too complex for traditional processors.
Quantinuum is developing platforms for use in fields such as AI, chemistry, machine learning, cybersecurity, finance and drug discovery.
Timing was on Quantinuum’s side. In late May, the Trump administration announced more than $2 billion in funding for a group of U.S. quantum computing firms, including Quantinuum, Bloomberg reported.
Quantinuum is not profitable, according to financial statements in the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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