Quantinuum Targets $1.05 Billion in U.S. IPO

Quantinuum Inc., a quantum computing company, is aiming to raise $1.05 billion through its initial public offering (IPO) in the United States. According to ChainCatcher, the company is leveraging the current investor enthusiasm for quantum computing technology to advance its listing process. In documents filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum outlined plans to issue approximately 21 million shares at a price range of $45 to $50 per share. Based on the upper limit of this range and the disclosed number of issued shares, Quantinuum's market valuation could reach approximately $12.7 billion. Supported by Honeywell International Inc., Quantinuum is considered one of the most prominent companies in the quantum computing sector.