Honeywell's Quantinuum is targeting a valuation of up to $12.7 billion in its U.S. initial public offering, it said on Tuesday, as it looks to capitalize on heightened investor attention around quantum computing. J.P. Morgan and Morgan Stanley are the joint lead active book-running managers. Quantinuum will list on the Nasdaq under the symbol "QNT."
The Broomfield, Colorado-based company is planning to raise up to $1.05 billion by selling about 21.05 million shares at $45 to $50 apiece. It raised funds at a $10 billion valuation in its latest funding round in September.
