Honeywell was earlier reported to be considering listing its majority-owned quantum computing company Quantinuum, with an IPO expected to take place in the United States as early as 2025.
The news alleged thatHoneywell is currently in talks with several investment banks to increase Quantinuum's potential market value to $100 billion.
However, the discussions are still in the early stages, so it is still impossible to confirm whether Quantinuum plans to go public next year. Neither Honeywell nor Quantinuum responded to this.
Quantinuum was founded in 2021 through the merger of quantum computing startup Cambridge Quantum and Honeywell's independently spun-off quantum computing solutions division (Honeywell Quantum Solutions). It has become the world's largest independent quantum computing company, positioning itself to capitalize on a quantum computing market with a production value of up to $1 trillion in the coming decades.
Quantinuum currently integrates the ion trap system (Ion trap) of Honeywell's quantum computing department and Cambridge Quantum's existing software and algorithms to provide an end-to-end integrated quantum platform. Honeywell's H-series quantum computing hardware products are also included in Quantinuum.
After the merger, Quantinuum has established offices in the United States, the United Kingdom, Europe and Japan, with headquarters in Colorado, USA and Cambridge, UK respectively. It currently has approximately 400 employees, including approximately 300 research and technical staff.
As for Honeywell, it currently holds approximately 54% of Quantinuum's shares, becoming the largest shareholder. It also invested approximately US$2021 million in Quantinuum at the end of 6, and allowed Quantinuum's operations to remain neutral and continue to maintain cooperative relationships with different industries.
