Quantum computing company Quantinuum seeks to raise $1.05 billion through an IPO

According to Bloomberg, quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its initial public offering (IPO) in the U.S., leveraging current investor enthusiasm for quantum computing technology to drive the listing process.

According to documents the company submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum plans to issue approximately 21 million shares at a price of $45 to $50 per share. Based on the upper limit of the issuance range and the number of shares disclosed in the documents, Quantinuum's market capitalization would reach approximately $12.7 billion. The company, supported by Honeywell International Inc., is one of the most closely watched firms in the current quantum computing field.