Honeywell weighing IPO of quantum computing unit, Bloomberg reports

Honeywell is considering an initial public offering of its majority-owned quantum computing unit Quantinuum as soon as next year, Vinicy Chan and Dinesh Nair of Bloomberg reports, citing people with knowledge of the matter. The company has held discussions with several investment banks about a potential listing in the U.S. and could seek a valuation of about $10B for Quantinuum, sources told Bloomberg. Quantinuum was formed in 2021 by the merger of Cambridge Quantum and Honeywell Quantum Solutions.