The Quantinuum logo is displayed on a smartphone screen placed on a reflective surface onto which lines of computer code are projected, in Creteil, France, on May 27, 2026. The quantum computing company files its official paperwork with the SEC for an initial public offering (IPO) on the Nasdaq. (Photo by Samuel Boivin/NurPhoto via Getty Images)
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Honeywell’sQuantinuumsaid on Wednesday it has raised $1.68billionin its U.S. initial public offering after pricing shares at $60 apiece, as investors flocked to one of the market’s fast-growing emerging technology sectors.
Broomfield, Colorado-basedQuantinuumsold 28 million shares in the offering.
Reuters exclusively reported the pricing details earlier in the day.
The listing is the latest test of investor appetite forquantumcomputingcompanies, as breakthroughs in the technology spur bets thatquantummachines could eventually outperform conventional computers on certain complex tasks.
Earlier this week, the company increased the price range to $53-$55 per share and boosted the number of shares on offer to 26.5 million, typically a sign of strong investor demand.
TheIPOcomes as the U.S. new listings market regains momentum, although investor appetite remains concentrated in technology and other high-growth sectors.
Quantinuumwill begin trading on the Nasdaq on Thursday, under the ticker symbol “QNT”. J.P.Morgan and Morgan Stanley are the lead underwriters of the offering.
Quantum computing bet
The company was formed in 2021 through the merger ofHoneywell’squantumcomputingbusiness and CambridgeQuantum. While still in the early stages of commercial growth,Quantinuumhas reported accelerating bookings in recent months as interest in the sector increases.
Despite growing investor optimism, across the industryquantumcomputingcompanies continue to face challenges including high development costs, technological complexity and an uncertain timeline for widespread commercial adoption.
Honeywell, which has a market capitalization of roughly $150billion, will retain about 48.1% of the company’s combined voting power after the offering is completed,Quantinuumdisclosed in itsIPOfiling.
Analysts expectQuantinuum’sIPOto have an outsized impact on thequantumcomputingsector, given the limited number of publicly traded companies in the space.
“Morequantumnames reaching the public markets deepens the universe, improves price discovery, and draws sellside and institutional coverage to a space that has thusfar been thinly followed,” analysts at Wedbush said in a note this week.
“We expectQuantinuum’s valuation and early share-price action to set the tone in the first day or two of trading, and to ripple across listed peers, particularly in light of the strong cross correlation ofquantumasset prices,” the brokerage said.
Last month, the Trump administration said it will take $2billionin equity stakes across ninequantum-computingcompanies.
Quantinuumdevelopsquantumcomputers designed to solve complex problems that would take classical computers thousands of years or longer to process.
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