A quantum computing company with ties to industrial giant Honeywell announced Tuesday its plans to go public, seeking a market valuation that could reach $12.7 billion as investors show growing interest in advanced computing technologies.
Quantinuum, headquartered in Broomfield, Colorado, revealed plans to generate as much as $1.05 billion through the sale of approximately 21.05 million shares priced between $45 and $50 each. The company’s previous private funding round valued the business at $10 billion.
The move comes as public stock offerings gain fresh momentum, with investors backing companies in sectors considered strategically crucial such as artificial intelligence infrastructure, defense technologies, and other critical innovations, even amid ongoing geopolitical tensions.
The quantum computing firm was established in 2021 following its split from Honeywell and subsequent combination with Cambridge Quantum. Industrial giant Honeywell’s CEO, Vimal Kapur, serves as chairman, while former Intel executive Rajeeb Hazra leads the company as chief executive.
Investment banking firms J.P. Morgan and Morgan Stanley will serve as the primary underwriters for the offering. Once public, Quantinuum plans to trade on the Nasdaq stock exchange using the ticker symbol “QNT.”
