Quantinuum Reveals Nasdaq Ticker QNT in Honeywell-Backed US IPO Filing
Honeywell-backed Quantinuum said its planned US initial public offering would list on Nasdaq under the ticker QNT, adding exchange and symbol details to the filing disclosed earlier as enthusiasm for quantum-computing stocks grows. The company said it plans to sell Class A common stock and would have a two-class share structure after the IPO, though pricing terms haven't been disclosed.
Quantinuum was formed in 2021 through the merger of Honeywell Quantum Solutions and Cambridge Quantum Computing, and Honeywell remains a substantial shareholder. For the three months ended March 31, the company reported a net loss of $136.6 million on revenue of $5.2 million, according to the filing.
From the sources (4 posts)
@techmemeHoneywell's Quantinuum files for a US IPO, reporting a $136.6M net loss on revenue of $5.2M for the three months ended March 31; sources: it could raise $1.5B+ (@csreinicke / Bloomberg) (Visit Techmeme dot com for the link and full context
@businessQuantinuum a quantum computing company backed by Honeywell, filed for a US initial public offering, capitalizing on enthusiasm around quantum computing stocks
@negligible_capYesterday Quantinuum filed for IPO. Quantinuum is majority owned by $HON and is said to be miles ahead of the other quantum companies like $RGTI, $QUBT, $IONQ, etc. This IPO has been rumored for a while and it’ll trade under $QNT. Most re
@stockmktnewzHoneywell $HON backed Quantinuum has filed to go public through an IPO on the Nasdaq under the ticker $QNT