BlockBeats news, on May 26, according to Bloomberg, quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its U.S. initial public offering (IPO), leveraging current investor enthusiasm for quantum computing technology to drive the listing process.
According to documents filed with 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 end of the offering range and the number of outstanding shares disclosed in the filing, Quantinuum’s market capitalization would reach approximately $12.7 billion.
Backed by Honeywell International Inc., the company is one of the most prominent players in the current quantum computing landscape.
