Honeywell announces Quantinuum's plan to file for IPO
Jan 14 (Reuters) - Honeywell said on Wednesday it plans for its majority-owned quantum computing unit Quantinuum to confidentially file draft IPO papers with the U.S. securities regulator.
The number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said.
Following the news, Honeywell's shares were up about 1% during premarket trading.
Last year, Quantinuum raised about $600 million from investors, including Nvidia's venture capital arm, at a valuation of $10 billion.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Shreya Biswas)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Dollar Outlook: Three-Week USD Surge Encounters Resistance – Next Move in Focus
Sequoia plans to fund Anthropic, defying the venture capital norm against supporting competitors: FT

Best Crypto to Buy: PEPE Consolidates, Etherna Pepe Stalls, While ZKP Targets 100x–10,000x

