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Quantinuum IPO Targets $12.7B Valuation on Nasdaq
The quantum-computing company plans to raise up to $1.05 billion as it tests investor demand after cutting its target from earlier whispers.
- On Tuesday, Quantinuum, the Broomfield, Colorado-based quantum-computing company majority-owned by Honeywell, filed for a U.S. IPO targeting a valuation of up to $12.7 billion, planning to raise up to $1.05 billion by selling 21.05 million shares at $45 to $50 apiece on Nasdaq under ticker "QNT".
- Heightened investor attention around quantum computing, driven by the technology's promise to solve complex problems exponentially faster than classical supercomputers, has accelerated sector funding, with the Trump administration announcing $2 billion in equity stakes across nine quantum companies including a $100 million grant for Quantinuum.
- Quantinuum reported a net loss of $192.6 million on revenue of $30.9 million in 2025, compared with a net loss of $144.1 million on revenue of $23 million a year earlier, though its trapped-ion qubits offer a longer error-correction runway than the superconducting approach used by most quantum competitors.
- Honeywell will retain about 49.1% of combined voting power and remain a customer and partner post-IPO, while the listing marks the largest quantum-computing IPO to date and the first direct transition from frontier hardware development to a $10 billion-plus public valuation.
- At $12.7 billion, the valuation is about 36% below the $20 billion whisper and disciplined relative to private-market marks, reflecting how public investors have proven more disciplined on pre-revenue frontier physics companies than late-stage private rounds had assumed, with comparable peers IonQ, Rigetti and D-Wave trading well below this mark.
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Honeywell-backed Quantinuum files for IPO at $12.7B valuation as quantum race heats up - Tech Startups
Quantum computing startups have spent years promising a future that always seemed just out of reach. Now Wall Street is starting to place billion-dollar bets that the future may finally be getting closer. Quantinuum, the quantum computing company backed by […] The post Honeywell-backed Quantinuum files for IPO at $12.7B valuation as quantum race heats up first appeared on Tech Startups.
Honeywell's Quantinuum targets $12.7 billion valuation in US IPO
·New York, United States
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Quantinuum IPO pricing values Broomfield firm at upwards of $13B
Quantinuum Inc. revealed in a prospectus Tuesday that the Broomfield-based quantum-computing company plans to sell 21 million shares at $45 to $50 each, raising as much much as $1.05 billion in an initial public offering that values the company as upwards of $12.7 billion.
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Total News Sources12
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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