Quantum computing company Quantinuum seeks $1.05 billion IPO funding

According to Bloomberg, Quantinuum Inc., a quantum computing company under Honeywell International Inc., has filed an IPO application with the U.S. Securities and Exchange Commission (SEC), planning to issue approximately 21 million shares at $45–$50 per share and raise $1.05 billion through this offering. At the upper end of the offering price range, the company’s valuation would reach $12.7 billion.