Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., is seeking to raise $1.05 billion in its US initial public offering, capitalizing on investor enthusiasm for the technology. The company plans to market about 21 million shares for $45 and $50 each, according to its filing Tuesday with the US Securities and Exchange Commission. At the top of that range, Quantinuum would have a market value of $12.7 billion based on the outstanding shares listed in its filing.

Full SEC filing: Quantinuum is seeking to raise $1.05 billion in its US IPO, marketing ~21 million shares for $45 to $50 each, giving it a $12.7 billion valuation at the top of the range.

For more see the OODA Company Profile on Quantinuum.