Quantinuum IPO June 4

The Quantinuum IPO is expected to price on June 3 per E\*TRADE and usually would IPO the next day. There are rumors on X (Shay Boloor) that the stock is 2x oversubscribed. Public companies in quantum, rare earth elements, and semiconductors receiving US government stakes have experienced price spikes. Quantinuum is expected to get funding or an equity stake per the WSJ link below. The expected market cap based on current pricing is slightly above QBTS, and far below IONQ. AI tells me this is the highest quality quantum company out there and it has the backing of it's former parent company and technology giant Honeywell. The valuation may be high but so is basically every other quantum or emerging tech company. Is anyone planning on buying the stock? WSJ [https://www.wsj.com/tech/quantum-computing-grants-ibm-rigetti-globalfoundries-7382e6be?mod=Searchresults&pos=2&page=1](https://www.wsj.com/tech/quantum-computing-grants-ibm-rigetti-globalfoundries-7382e6be?mod=Searchresults&pos=2&page=1)