Honeywell unit Quantinuum files for US initial offering
Quantinuum filed for a U.S. IPO on the Nasdaq under ticker QNT. The Honeywell-backed firm reported a 192.6 million dollar loss on 30.9 million in revenue.
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Quantinuum, majority-owned by HONEYWELL INTERNATIONAL INC, filed for a U.S. IPO on Friday afternoon. The filing follows a $600M funding round last year that valued the quantum computing firm at $10B. Investors view the listing as a litmus test for commercial quantum hardware demand amid a recovering IPO market.
