QUANTINUUM TARGETS $1.46B IN EXPANDED IPO
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Quantum computing startup Quantinuum has increased its initial public offering, planning to sell 26.5 million shares at $53-$55 each. The offering could raise up to $1.46 billion and value the Honeywell-backed company at $14.3 billion.
■ MORE FROM THE STARTUPS DESK
Prentis, a new AI research lab co-founded by LinkedIn co-founder Reid Hoffman and Zynga founder Marc Pincus, is in talks to raise $100 million. The lab is focused on automating routine computer tasks as the next major frontier for AI applications.
Defense tech startup Anduril is in talks to raise funding at a $100 billion valuation, more than tripling its value from last year, according to Reuters.
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