Quantinuum targets $12.7 billion valuation in U.S. IPO

Investing.com -- Honeywell's spinoff Quantinuum plans to raise up to $1.05 billion through a U.S. initial public offering that would value the quantum computing company at up to $12.7 billion, the firm announced on Tuesday.

The Broomfield, Colorado-based company intends to sell approximately 21,052,632 shares priced between $45 and $50 each. The proposed valuation represents an increase from the $10 billion valuation Quantinuum achieved in its most recent funding round.

The offering comes as new listings gain traction among investors backing sectors considered strategically important, including AI infrastructure, defense and critical technologies, amid geopolitical uncertainty.

Quantinuum was established in 2021 following its separation from Honeywell and subsequent merger with Cambridge Quantum. The company is chaired by Honeywell CEO Vimal Kapur and led by Intel veteran Rajeeb Hazra.

J.P. Morgan and Morgan Stanley serve as joint lead active book-running managers for the offering. Additional underwriters include BofA Securities, UBS Investment Bank, Jefferies, Evercore ISI, Cantor, Mizuho, Needham & Company, Societe Generale, TD Cowen, Craig-Hallum and Rosenblatt.

The company plans to list on the Nasdaq under the ticker symbol "QNT."

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