Honeywell’s quantum computing unit, Quantinuum, has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock, the company said.
The draft Form S-1 was filed Feb. 17, 2026. The number of shares and the price range for the offering have not been determined. The offering remains subject to market conditions and completion of the SEC’s review process, Honeywell said.
Quantinuum was valued at $10 billion in a September fundraising round, Reuters reported, though Honeywell, which holds a majority stake in the company, stopped short of releasing any financial details tied to the potential offering.
Quantinuum was formed in 2021 when a Honeywell spinout merged with Cambridge Quantum. The company is led by CEO Rajeeb Hazra, who used to work at Intel, and Honeywell’s CEO Vimal Kapur is the chair. Companies using Quantinuum’s technology include Airbus, BMW Group, HSBC, JPMorgan Chase, and Honeywell, according to Reuters.
Quantum computers are designed to solve very complex problems that traditional supercomputers cannot handle.
