Honeywell-backed quantum computing firm Quantinuum is planning to rAIse $1.05 billion through a U.S. initial public offering (IPO), capitalizing on surging investor enthusiasm for the SECtor. According to documents filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday, the company intends to issue APProximately 21 million shares, with a price range of $45 to $50 per share. Based on the upper end of this pricing range, Quantinuum is set to achieve a market Valuation of $12.7 billion.
The IPO announcement follows significant federal backing for the company. On May 21, the Trump administration unveiled a funding package exceeding $2 billion to support a group of American quantum computing enterprises. As part of this initiative, Quantinuum was awarded $100 million in government funding.
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