Quantinuum’s buzzy IPO ends with a whimper
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Quantinuum made a strong debut on the Nasdaq on Thursday, with shares opening at $68 apiece, 13% above their initial public offering price, in what investors viewed as a significant vote of confidence for the emerging quantum computing industry.
By Prakhar Srivastava and Pritam Biswas June 4 (Reuters) - Shares of Quantinuum rose 13.3% in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell's quantum computing company became the latest to benefit from robust investor demand.
The day when a quantum computer can crack commonly used forms of encryption is drawing closer. The world isn’t prepared, experts say.
QTREX isn't trying to build a quantum computer. It's building the physical connectivity layer that sits around one.