Quantinuum, the quantum computing firm majority-owned by Honeywell, has set its initial public offering (IPO) valuation target at $12.7 billion. This figure is significantly lower than the previously rumored valuation of over $20 billion that was mentioned when the company filed its S-1 document in early May. The adjusted valuation suggests a roughly 27% increase over the company’s prior $10 billion pre-money valuation.
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