Honeywell's Quantinuum files confidentially for U.S. IPO

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Colleen Cabili

Wed, April 22, 2026 astatine 9:55 AM CDT 1 min read

Honeywell's quantum computing unit, Quantinuum, has confidentially submitted a draught registration connection to the U.S. Securities and Exchange Commission for a projected archetypal nationalist offering of its communal stock, the institution said.

The draught Form S-1 was filed Feb. 17, 2026. The fig of shares and the terms scope for the offering person not been determined. The offering remains taxable to marketplace conditions and completion of the SEC's reappraisal process, Honeywell said.

Quantinuum was valued astatine $10 cardinal successful a September fundraising round, Reuters reported, though Honeywell, which holds a bulk involvement successful the company, stopped abbreviated of releasing immoderate fiscal details tied to the imaginable offering.

Quantinuum was formed successful 2021 erstwhile a Honeywell spinout merged with Cambridge Quantum. The institution is led by CEO Rajeeb Hazra, who utilized to enactment astatine Intel, and Honeywell's CEO Vimal Kapur is the chair. Companies utilizing Quantinuum's exertion see Airbus, BMW Group, HSBC, JPMorgan Chase, and Honeywell, according to Reuters.

Quantum computers are designed to lick precise analyzable problems that accepted supercomputers cannot handle.

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