Quantinuum has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock, the company said in an announcement from Honeywell.
The company intends to have its Class A common stock listed on the Nasdaq Global Select Market under the ticker symbol "QNT." At this stage, the filing does not set the number of shares to be offered nor a price range for the potential sale.
J.P. Morgan and Morgan Stanley are named as joint lead active book-running managers for the offering. Jefferies and Evercore ISI are also listed as active book-running managers in the filing.
The registration statement has been submitted to the SEC but has not yet become effective. The filing emphasizes that the proposed offering is dependent on market conditions and notes there is no assurance about whether or when the offering may be completed, or what the actual size or terms might be.
In the registration, Quantinuum describes itself as a quantum computing company offering a full-stack platform intended for real-world deployment. The company lists its headquarters in Broomfield, Colorado, and discloses additional facilities across the United States, United Kingdom, Germany, Japan, and Singapore.
According to the filing, Quantinuum has active engagements with organizations spanning the pharmaceuticals, material science, financial services, and government and industrial markets.
Summary
Quantinuum has officially filed an S-1 registration statement for a proposed IPO of Class A common stock. The firm plans to list on the Nasdaq Global Select Market under the symbol QNT, though key offering details have yet to be determined. Major banks have been appointed to manage the book-running process. The filing remains subject to SEC effectiveness and market conditions.
Key points
- Quantinuum filed a Form S-1 with the SEC for a proposed IPO of Class A common stock; the filing was announced by Honeywell.
- The company plans to list on the Nasdaq Global Select Market under the ticker QNT, but the number of shares and pricing range are not yet set.
- J.P. Morgan and Morgan Stanley are joint lead active book-running managers; Jefferies and Evercore ISI also serve as active book-running managers. Sectors cited in the filing that could be affected include pharmaceuticals, material science, financial services, and government and industrial markets.
Risks and uncertainties
- The registration statement has been filed but is not yet effective, so the offering cannot proceed until effectiveness is achieved.
- The proposed offering is subject to market conditions; there is no assurance the offering will be completed or that its timing, size, or terms will match current plans.
- Specifics about the offering - including the share count and price range - remain undetermined, creating uncertainty for potential investors in related sectors such as financial services and industrial markets.