Quantum computing company Quantinuum seeks to raise $1.05 billion through an IPO.

According to ME News, on May 26 (UTC+8), quantum computing company Quantumuum 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 accelerate its listing process. According to a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantumuum plans to offer 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 shares issued as disclosed in the filing, Quantumuum's market capitalization would reach approximately $12.7 billion. Backed by Honeywell International Inc., the company is one of the most watched players in the current quantum computing field. (Source: ME)