BlockBeats News, May 26th, according to Bloomberg, quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its U.S. initial public offering (IPO), taking advantage of current investor enthusiasm for quantum computing technology.

According to a filing the company submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum plans to issue approximately 21 million shares at a price of $45 to $50 per share. Based on the disclosed number of shares issued in the filing and the upper end of the price range, Quantinuum's valuation would reach around $12.7 billion.

Backed by Honeywell International Inc., the company is one of the most watched enterprises in the quantum computing field.