Honeywell’s quantum computing spinoff files to raise $1.05 billion at a $45-$50 share range, joining peers IonQ and D-Wave.
Quantinuum, Honeywell International’s quantum computing unit, plans to raise $1.05 billion in an initial public offering, pricing 21 million shares between $45 and $50. The company expects to begin trading in early June, expanding the roster of publicly listed quantum computing stocks.
The IPO follows IBM’s recent pledge to invest over $10 billion in quantum computing over the next five years. Quantinuum’s offering will compete with existing players like IonQ and D-Wave, which have already gone public. The filing comes as investor interest in quantum technology grows amid advancements in the sector.
No immediate market reaction was disclosed in the filing. The IPO’s timing aligns with heightened corporate and government investment in quantum computing capabilities.