Honeywell International's (HON) Quantinuum raised $1.68 billion in its U.S. initial public offering after pricing 28 million shares at $60 apiece, above its previously increased range of $53-$55, Reuters reported Wednesday, citing a source familiar with the matter.

Quantinuum will begin trading on the Nasdaq Thursday under the ticker "QNT," with J.P. Morgan and Morgan Stanley acting as lead underwriters, the report said.

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