2024-07-27
HON is smart to keep Quantinuum independent with an IPO rather than a full acquisition. This is the same approach I'd like to see for $IONQ if it were acquired. Combined market cap of HON + Quantinuum would be greater than just HON. The same would apply to IONQ and its buyer.
Bloomberg
Sources: Honeywell is considering a US IPO of its majority-owned quantum computing firm Quantinuum as soon as 2025, and could seek a valuation of about $10B
- The firm has held early talks with banks on potential IPO — A listing in the US could take place as soon as next year