Honeywell announced on May 8 that Quantinuum has publicly filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock.
The announcement is significant as it marks a potential step forward for Quantinuum, described by Honeywell as a leading, full-stack quantum computing company. The company intends to list its shares on the Nasdaq Global Select Market under the ticker symbol “QNT.” The number of shares to be offered and the price range have not yet been determined.
J.P. Morgan and Morgan Stanley are acting as joint lead active book-running managers for the proposed offering, while Jefferies and Evercore ISI will also serve as active book-running managers. According to Honeywell, “The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.”
Honeywell said that copies of the preliminary prospectus will be available from J.P. Morgan Securities LLC, Morgan Stanley & Co., Jefferies LLC, or Evercore Group L.L.C., once available. The company also stated: “The registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.” Honeywell added that this press release does not constitute an offer to sell or solicitation of an offer to buy these securities in any jurisdiction where such actions would be unlawful.
Quantinuum is described as having commercially deployed multiple generations of quantum systems based on QCCD architecture with novel designs intended for high accuracy levels in quantum computing applications across industries including pharmaceuticals, material science, financial services, government and industrial markets.
Looking ahead, observers will watch for further updates regarding when Quantinuum’s IPO might proceed depending on market conditions.
