Honeywell-Backed Quantinuum Boosts IPO Target to $1.46 Billion

Honeywell International Inc.-backed quantum computing company Quantinuum Inc. boosted the size of its initial public offering to as much as $1.46 billion, raising the number of shares offered and the price range.

The company is offering 26.5 million shares for $53 to $55 each, according to a filing Monday with the US Securities and Exchange Commission confirming an earlier Bloomberg News report. Quantinuum had previously offered about 21 million shares for $45 to $50 each.

At the top of the new range, the company would have a market value of $14.3 billion based on the outstanding shares listed ...