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According to Bloomberg citing informed sources, quantum computing company Quantinuum plans to increase the size of its initial public offering (IPO) and raise the offering price range by about 10% due to strong investor subscription demand. Quantianum previously planned to issue approximately 210 million shares at a price range of $45 to $50 per share, corresponding to a maximum valuation of approximately $12.7 billion. The IPO has received several times over subscription, and the company plans to list on NASDAQ under the stock code "QNT" and seek to raise $1.05 billion. Quantianum was formed by the merger of Honeywell's quantum computing business and Cambridge Quantum, and is one of the world's most highly valued quantum computing companies.