On June 4, Quantinuum, the quantum computing division spun out from Honeywell, commenced public trading on the Nasdaq under the symbol “QNT,” securing $1.68bn in capital.
Quantinuum launched its public trading journey on Thursday following a successful $1.68 billion initial public offering that exceeded initial expectations. The quantum computing specialist sold 28 million shares at a $60 price point, climbing above its marketed $53 to $55 per share window.
Quant said that its Fusion Rollup is live on mainnet, describing it as the first multi-ledger rollup built for institutions. The announcement says the system launches connected to 74 blockchain networks in a unified execution environment. The rollout affects banks, enterprises and capital markets firms managing assets and workflows across multiple chains.