Quantinuum IPO targets $12.7B valuation on Nasdaq
Key takeaways
- Plans call for approximately 21.05 million shares to be offered at a price range of $45 to $50, with total proceeds expected to reach as much as $1.05 billion.
- Full-year 2025 results showed $30.9 million in revenue alongside a $192.6 million net loss; in the preceding year, the company had posted $23 million in revenue and a $144.1 million net loss.
- After the IPO closes, roughly 49.1% of combined voting power across both share classes will remain with Honeywell, which the filing says intends to continue as both a customer and partner going forward.
Quantinuum IPO targets $12.7B valuation on Nasdaq Quartz · Bloomberg / Getty Images Cris Tolomia Tue, May 26, 2026 at 11:20 PM GMT+7 2 min read Quantinuum Inc., the quantum computing unit majority-owned by Honeywell International Inc., is targeting a valuation of up to $12.7 billion in its U.S. initial public offering, according to Reuters.
Plans call for approximately 21.05 million shares to be offered at a price range of $45 to $50, with total proceeds expected to reach as much as $1.05 billion. Quantinuum intends to list on the Nasdaq Global Market under the ticker symbol "QNT," with J.P. Morgan and Morgan Stanley serving as joint lead active book-running managers.
Full-year 2025 results showed $30.9 million in revenue alongside a $192.6 million net loss; in the preceding year, the company had posted $23 million in revenue and a $144.1 million net loss. Revenue of $5.2 million and a net loss of $136.6 million were recorded in the first quarter ending March 31, 2026. As of March 31, 2026, Quantinuum held $677 million in cash and cash equivalents.