Quantinuum plans to issue 26.5 million shares in an initial public offering (IPO) at a price range of $53 to $55 per share. Based on those terms, the offering would imply gross proceeds of roughly $1.40 billion to $1.46 billion before fees and expenses. An IPO is a company’s first sale of shares to public investors, and the proposed pricing indicates how the company aims to value the offering at launch.