PANews reported on May 26th that, according to Bloomberg, quantum computing company Quantinuum plans to issue approximately 21 million shares in its US IPO, with a price range of $45-$50 per share, aiming to raise approximately $1.05 billion. Based on the upper end of the range, its valuation is approximately $12.7 billion. Quantinuum was formed in 2021 through the merger of Honeywell Quantum Solutions and Cambridge Quantum. It focuses on developing quantum computing platforms applicable to chemistry, machine learning, cybersecurity, finance, and drug discovery, and currently has partners such as Amgen and Mitsui. The company's first-quarter revenue was approximately $5.2 million, with a net loss of approximately $137 million. The US government recently announced over $2 billion in funding for quantum computing companies, of which Quantinuum will receive $100 million in exchange for a minority stake held by the US government.