Xcode 12.1.1 RC 1 was released on 30 Oct 2020 and requires macOS 10.15.4+.
It can be downloaded from https://download.developer.apple.com/Developer_Tools/Xcode_12.1.1_Release_Candidate/Xcode_12.1.1_Release_Candidate.xip.
Release notes are located at https://developer.apple.com/documentation/xcode-release-notes/xcode-12_1_1-release-notes/.
The SDKs it contains are:
- iOS 14.2 (Build 18B79)
- macOS 10.15.6 (Build 19G68)
- tvOS 14.2 (Build 18K54)
- watchOS 7.1 (Build 18R579)
The compilers it contains are:
- clang 12.0.0 (Build 1200.0.32.21)
- swift 5.3 (Build 1200.0.29.2)