Quantinuum’s initial public offering is reportedly oversubscribed by a double-digit multiple. The Honeywell subsidiary plans to offer approximately 21 million shares. Shares are priced between $45 and $50 each.
The offering could raise over $1 billion. This pricing values the quantum computing firm at nearly $13 billion. Quantinuum will trade on the Nasdaq under the ticker QNT.
Honeywell will retain approximately 49% of the voting power following the offering. The company formed in 2021 by merging Honeywell’s quantum solutions division with Cambridge Quantum. Strong investor interest reflects growing optimism for the quantum computing sector.