Quantum computer developer Quantinuum, which was spun off from Honeywell, has filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $1.5 billion through an initial public offering (IPO). The company is focused on developing quantum computing systems and software, with the goal of commercializing quantum technology for enterprise and government applications. It believes future computing will be hybrid, combining classical processors, GPU-based accelerated computing, and quantum processing units to solve problems that traditional systems cannot efficiently address. Its business spans hardware and software development, targeting application areas such as artificial intelligence, cybersecurity, drug discovery, and materials science. According to a media report from September of last year, NVIDIA's venture capital division made its first investment in Quantinuum, valuing the quantum computing firm at $10 billion. Quantinuum has previously collaborated with NVIDIA, participating in the latter's Accelerated Quantum Research Center in Boston, which is focused on advancing quantum computing technology. The Broomfield, Colorado-based company was founded in 2021 and generated $36 million in revenue over the 12 months ending March 31, 2026. It plans to list on the Nasdaq under the ticker symbol "QNT." Quantinuum confidentially submitted its filing on February 17, 2026. J.P. Morgan, Morgan Stanley, Jefferies, Evercore ISI, BofA Securities, UBS Investment Bank, Cantor Fitzgerald, Mizuho Securities, Needham & Co., Société Générale, and TD Cowen are joint bookrunners for the offering.
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