Honeywell-backed quantum computing firm aims to raise $1.05 billion selling 21.05 million shares at $45-$50 each.
Quantinuum is targeting a $12.7 billion valuation in its upcoming US initial public offering, seeking to raise up to $1.05 billion. The company plans to sell approximately 21.05 million shares priced between $45 and $50 each.
The quantum computing firm last raised funds at a $10 billion valuation. Investor interest in strategic sectors like AI and critical technologies has revived IPO activity despite broader geopolitical uncertainties.
Quantinuum, formed in 2021 through a Honeywell separation and merger with Cambridge Quantum, will list on Nasdaq under the ticker QNT. J.P. Morgan and Morgan Stanley are leading the offering.