Quantinuum IPO raises $1.68 billion, prices above range at $60
Key takeaways
- The share pricing puts the company's total market value at roughly $15 billion, per The Wall Street Journal.
- According to Quantinuum's IPO filing, Honeywell's share of the combined voting power upon deal completion will stand at approximately 48.1%.
- A 2021 merger between Honeywell's quantum computing division and the U.K.-based software firm Cambridge Quantum gave rise to Quantinuum.
Quantinuum IPO raises $1.68 billion, prices above range at $60 Quartz · SOPA Images / Getty Images Cris Tolomia Fri, June 5, 2026 at 12:10 AM GMT+7 2 min read At $60 per share — topping its most recently marketed range of $53 to $55 — Honeywell International's majority-owned quantum computing unit, Quantinuum, pulled in $1.68 billion through its initial public offering, according to CNBC. Thursday's Nasdaq Global Market debut, under the ticker symbol "QNT," follows the sale of 28 million shares in the offering.
The share pricing puts the company's total market value at roughly $15 billion, per The Wall Street Journal. A 30-day overallotment option gives underwriters the right to acquire as many as 4.2 million additional shares should investor demand warrant it. J.P. Morgan and Morgan Stanley served as joint lead active book-running managers.
According to Quantinuum's IPO filing, Honeywell's share of the combined voting power upon deal completion will stand at approximately 48.1%. No pure-play quantum computing company had previously gone public through a conventional IPO process, making this listing a historic first, according to Barron's.