Honeywell International, which owns a majority stake in Quantinuum, one of the best-known quantum computing companies, is considering an initial public offering of its shares.
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One of the most famous companies in the field of quantum computing, Quantinuum, is preparing for an IPO
Honeywell has held talks with several investment banks about a potential U.S. listing and may seek a valuation of Quantinuum of $10 billion, Bloomberg writes, citing unnamed sources close to the company.
Negotiations are still in the early stages and details could change, but Honeywell’s shares, valued at $133 billion, rose 2.6% on the news, their biggest gain since early June.
Quantinuum was formed in 2021 from the merger of Cambridge Quantum and Honeywell Quantum Solutions. The main goal is the creation of quantum computers, which use “qubits” to provide “exponentially greater computing power.” Workforce: about 500 employees in the US, England, Germany and Japan.
In January, Honeywell closed a $300 million funding round for Quantinuum, at which time the company was provisionally valued at $5 billion. Mitsui & Co. and Amgen participated in the round. As a result, the total volume of investments raised in Quantinuum since its founding amounted to about $625 million.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
