Overview
- Quantinuum intends to confidentially submit a draft registration statement on Form S-1 to the U.S. SEC for a proposed listing.
- The company has not determined the number of shares or a price range for the potential offering.
- Honeywell said the plan is subject to market conditions and completion of the SEC review process, and its notice was issued under Rule 135 and does not constitute an offer.
- Honeywell, which holds a majority stake in Quantinuum, saw its shares up about 1% in early trading following the announcement.
- Quantinuum raised about $600 million last year from investors including Nvidia’s venture arm at an approximately $10 billion valuation.