Reuters: IPOX® CEO Josef Schuster Comments on Quantinuum’s U.S. IPO Filing and Quantum Market Demand

Reuters reported that Quantinuum, the quantum computing company majority owned by Honeywell, publicly filed for a U.S. IPO, moving it closer to a Nasdaq listing under the symbol QNT. The Broomfield, Colorado-based company reported revenue of $30.9 million for the year ended December 31, up from $23 million a year earlier, while its net loss increased to $192.6 million.

The article connected Quantinuum’s filing to the reopened U.S. IPO window, citing renewed issuer activity, pent-up demand for new listings, and investor interest in companies linked to quantum technology. Reuters noted that Quantinuum was formed in 2021 through the combination of Honeywell’s quantum computing division and Cambridge Quantum, and that the company has invested more than $2 billion in research and development over the last decade.

IPOX® CEO Josef Schuster was quoted by Reuters on the market backdrop for high-risk quantum IPOs and the appeal of public-market fundraising while the IPO window is open.

“Pursing an IPO is always the first best choice to raising money, even for high-risk deals around quantum. Given that the U.S. IPO window is open and the market has been endorsing firms linked to quantum so much, the strong appeal to even traditional IPO investors comes at no surprise,”

Read the full article by Arasu Kannagi Basil on Reuters: Honeywell's Quantinuum moves closer to public markets with US IPO filing