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Honeywell-backed quantum computing company Quantinuum plans to raise $1.05 billion through a U.S. initial public offering (IPO), leveraging investor enthusiasm for quantum computing technology to advance its listing process. According to documents filed by Quantinuum with the U.S. Securities and Exchange Commission (SEC) on Tuesday, the company plans to issue approximately 21 million shares, with a price range set at $45 to $50 per share. Based on the issued shares and the upper limit of the offering price range, Quantinuum's market capitalization will reach $12.7 billion. Previously, on May 21, the Trump administration announced over $2 billion in funding support for multiple U.S. quantum computing companies, with Quantinuum receiving $100 million.
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