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Thursday's Final Takeaways: QNT IPO Debut & TSM AI Chip Demand
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Quantinuum's Massive Nasdaq IPO Debut
At 3:26 · chapter starts 1:57
A major moment on Wall Street as Honeywell-backed quantum computing firm Quantinuum makes its highly anticipated Nasdaq debut with an upsized IPO.
Quantinuum priced its upsized IPO at $60 per share, raising $1.68 billion in one of the largest sector offerings ever. The stock surged 10% on its first day, indicating massive investor hunger for next-generation hardware.
The strong demand positioned the debut of the Honeywell-backed firm as one of the largest offerings the quantum sector has ever seen.
The opening surge propelled the company's total market valuation above the $17 billion mark.
Semiconductor giant TSMC is struggling to build enough capacity to fulfill US orders. Despite these major supply bottlenecks, the company is avoiding price hikes and instead focusing profit on record employee bonuses.
