Quantinuum Plans Confidential IPO Filing with SEC, Valued Over $20 Billion
Quantinuum LLC, a majority-owned subsidiary of Honeywell, plans to confidentially file for an initial public offering with the SEC, potentially valuing the company at over $20 billion and raising around $1 billion. The IPO, which is contingent on market conditions and regulatory review, aims to allow Quantinuum to operate independently while facilitating a gradual reduction of Honeywell's ownership stake.
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Quantinuum LLC, a majority-owned subsidiary of Honeywell, plans to confidentially submit a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering.
The company has not yet determined the number of shares to be offered or the price range. The IPO, which could value Quantinuum at over $20 billion and raise approximately $1 billion, is subject to market conditions and the SEC's review process.
Quantinuum, formed in 2021 from Honeywell's quantum computing business and Cambridge Quantum Computing, develops quantum hardware and software solutions. The confidential filing allows for discussions with regulators while delaying detailed financial disclosures. Honeywell intends for Quantinuum to operate independently, and the IPO could facilitate a gradual reduction of Honeywell's ownership stake.
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