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

BlockBeats News, May 26th, according to Bloomberg, quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its initial public offering (IPO) in the United States, taking advantage of current investor enthusiasm for quantum computing technology.

According to a filing the company submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum plans to issue approximately 21 million shares of stock at a price of $45 to $50 per share. Based on the disclosed number of outstanding shares in the filing at the upper end of the price range, Quantinuum would have a market capitalization of around $12.7 billion.

Backed by Honeywell International Inc., the company is one of the most prominent players in the current quantum computing landscape.