Quantinuum sets $12.7 billion valuation target for Nasdaq IPO

Honeywell-backed quantum computing firm Quantinuum announced terms for its US initial public offering on Tuesday. It is aiming for a valuation of around $12.7 billion. The company plans to sell shares between $45 and $50 each. However, it hopes to raise as much as $1.05 billion. Quantinuum intends to list on the Nasdaq under the...