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00:03Quantinuum made its Nasdaq debut on Thursday, closing little changed after opening at $68
00:08per share and hitting a session high of $71.35, according to Benzinga.
00:14The company raised $1.68 billion in an upsized IPO priced at $60 per share,
00:20above the earlier range of $53 to $55, giving it a market value of $15.7 billion.
00:27Founded in 2021, from a merger of Honeywell's Quantum Computing Division and UK-based Cambridge
00:33Quantum, the company serves customers in pharma, finance, and government.
00:38Quantum Computing, which applies quantum mechanics principles to solve problems beyond traditional
00:43computers' capabilities, has long fascinated scientists but remains largely experimental.
00:48CEO Rajib Hazra said customers are already using the company's full hardware and software
00:53stack to begin working with quantum technology.
00:56For all things money, visit Benzinga.com.
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