The Honeywell-backed quantum computing company, based in Broomfield, Colorado, is seeking a Nasdaq listing after filing with the US Securities and Exchange Commission on Friday.
For the three months ended 31 March, Quantinuum posted a net loss of $136.6 million on revenue of $5.2 million, versus a $30.5 million loss on $19.1 million revenue a year earlier.
The filing comes as investor enthusiasm for quantum computing shares grows, giving the company a chance to tap public markets despite widening losses and sharply lower quarterly revenue.
With losses widening and revenue falling, can Quantinuum's quantum promise justify its massive $20 billion IPO valuation?
Do new breakthroughs mean a quantum computer could break all current encryption within this decade?