Quantinuum, a quantum computing company, reportedly received oversubscription of over 20 times during its US stock market IPO.

According to reports, it is said that the IPO of Quantinuum, a quantum computing company owned by Honeywell, has received oversubscriptions of over 20 times, and it is expected that the issue price will be set above the revised range on the evening of June 3 local time. On June 1 local time, Quantinuum disclosed in the documents submitted to the US Securities and Exchange Commission that it plans to publicly issue 26.5 million shares of Class A common stock for the first time, with an expected issue price between $53 and $55 per share.