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Reuters
Mon, June 1, 2026 astatine 7:52 AM CDT 1 min read
June 1 (Reuters) - Honeywell's Quantinuum is targeting a valuation of up to $14.3 cardinal successful its upsized U.S. archetypal nationalist offering, underscoring robust capitalist appetite around quantum computing.
The Broomfield, Colorado-based institution is present seeking up to $1.46 cardinal by selling 26.5 cardinal shares priced between $53 and $55 apiece, it said connected Monday.
It had earlier aimed to rise up to $1.05 cardinal by offering astir 21.1 cardinal shares priced betwixt $45 and $50 apiece.
June is poised for a engaged commencement to the IPO marketplace arsenic firms look to capitalize connected beardown marketplace conditions up of SpaceX's blockbuster listing, with 7 companies spanning from defence to vigor sectors set to terms their offerings this week.
J.P. Morgan and Morgan Stanley are associated pb progressive book-running managers for the Quantinuum offering.
Quantinuum is expected to database connected the Nasdaq nether the awesome "QNT" connected Thursday.
(Reporting by Arasu Kannagi Basil successful Bengaluru; Editing by Shailesh Kuber)
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