Honeywell

Quantinuum targets $12.7B valuation in US IPO, raising stakes for quantum computing's crypto threat

Quantinuum, a leading quantum computing company backed by Honeywell, is targeting a $12.7B valuation in a US IPO, positioning itself as a major player in the quantum computing space alongside Google, Microsoft, and IBM. The IPO raises concerns about quantum computing's potential threat to cryptocurrency and blockchain security, as the company has partnerships with JPMorgan Chase and Cisco.