Quantinuum Targets $1.05 Billion US IPO as Honeywell-Backed Quantum Firm Seeks $12.7 Billion Valuation
Updated
Updated · Bloomberg · May 26
Quantinuum Targets $1.05 Billion US IPO as Honeywell-Backed Quantum Firm Seeks $12.7 Billion Valuation
3 articles · Updated · Bloomberg · May 26
Quantinuum aims to raise $1.05 billion by selling about 21 million shares in a US IPO, according to a Tuesday SEC filing.
The Honeywell-backed quantum computing company set a marketing range of $45 to $50 a share, putting its valuation at as much as $12.7 billion based on listed outstanding shares.
The offering is pitched into strong investor appetite for quantum computing, with Quantinuum seeking to capitalize on enthusiasm for the technology.
With $136M in quarterly losses, can Quantinuum’s IPO succeed before quantum computing delivers on its revolutionary promises?
Is the quantum computing boom a true tech revolution, or are we witnessing the inflation of another speculative investment bubble?
Will trapped-ion technology become the industry standard, or could this multi-billion dollar bet fail against rivals like Google and IBM?