Quantinuum's $1.68B IPO Tests Quantum Computing Market on Nasdaq
Quantinuum, a Honeywell-backed quantum computing firm, raised $1.68 billion in its June 4, 2026 Nasdaq IPO, pricing 28 million shares at $60 each. The stock opened at $68 but closed near its IPO price, reflecting investor caution amid deep-tech volatility. Despite a 73% revenue drop to $5.24 million and a $136.5 million net loss in Q1, the company secured $100 million from the US Chips and Science Act. The IPO tests market appetite for quantum computing, with Honeywell retaining 48.1% voting power.
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Is Honeywell International Inc. Among the Best Quantum Computing Stocks to Invest In According to Hedge Funds?
The article analyzes Honeywell International Inc. (HON) as a potential quantum computing investment, focusing on its subsidiary Quantinuum's successful IPO. On June 3, 2026, Quantinuum raised $1.68 billion by pricing 28 million shares at $60 each, exceeding its initial range of $53-$55. The IPO was led by J.P. Morgan and Morgan Stanley, with Quantinuum trading on NASDAQ under ticker 'QNT'. Honeywell retains about 48.1% voting power post-listing. Formed in 2021 from Honeywell's quantum unit and Cambridge Quantum, Quantinuum has seen accelerating bookings despite high development costs and uncertain commercialization. Wedbush analysts noted that more quantum listings improve price discovery and could set the tone for market peers. The article positions HON among the 8 best quantum computing stocks according to hedge funds, while also suggesting certain AI stocks may offer greater upside potential.
Yahoo FinanceQuantinuum's IPO Fizzles Despite High Expectations
Quantinuum, a Honeywell-backed quantum computing company, made its Nasdaq debut on June 4, 2026, opening at $68 per share and raising $1.68 billion at a $15.6 billion valuation. However, the stock closed just above its $60 IPO price, a lackluster performance compared to other blockbuster IPOs this year, such as AI chipmaker Cerebras which opened nearly 70% above its IPO price in May. Investors noted that deep-tech companies still face volatility and growing pains. The IPO caps a busy period for quantum computing firms going public, with several using SPACs. In May, the Trump administration signed letters of intent for over $2 billion in funding for US quantum companies, with Quantinuum receiving $100 million. Quantinuum was formed in 2021 from the merger of Honeywell's quantum unit and Cambridge Quantum, and Honeywell retains about 49% voting rights. Investors like Nvidia's NVentures and QED Investors participated in earlier funding rounds.
Yahoo FinanceQuantinuum stock opens at $68 per share after IPO
Quantinuum, a full-stack quantum computing company formed from the merger of Honeywell's quantum division and Cambridge Quantum, began trading on the Nasdaq on June 4, 2026, under the ticker QNT. The stock opened at $68 per share after an upsized IPO that raised $1.68 billion, pricing at $60 per share above the initial $53-$55 range. Honeywell retains a majority stake and will remain a strategic partner. The company reported a 73% revenue decline to $5.24 million in Q1 and a net loss of $136.5 million. The US Department of Commerce, under the Chips and Science Act, committed $100 million to Quantinuum as part of a $2 billion quantum ecosystem investment. CEO Rajeeb Hazra described the moment as transformative for computing, noting early-stage adoption but strong demand. The quantum sector has seen significant stock gains, with Rigetti, IonQ, and D-Wave up sharply over the past year.
US Top News and AnalysisHoneywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up
Honeywell's quantum computing spin-off Quantinuum raised $1.68 billion in its US IPO, pricing 28 million shares at $60 each. The company, formed in 2021 from the merger of Honeywell's quantum business and Cambridge Quantum, will begin trading on the Nasdaq under ticker 'QNT'. Strong investor demand led the company to increase its price range and share count earlier in the week. Honeywell will retain about 48.1% voting power post-IPO. Analysts at Wedbush expect the listing to have an outsized impact on the quantum computing sector, improving price discovery and drawing institutional coverage to a thinly followed space. The IPO tests investor appetite for quantum computing amid high development costs and uncertain commercial timelines.
Yahoo FinanceHoneywell-backed Quantinuum's IPO tests quantum stock rally
Quantinuum, a Honeywell-backed quantum computing company, is seeking to raise up to $1.05 billion in its IPO, offering 21 million shares at $45-$50 each, which would value the company at around $12.7 billion. The IPO represents a major test for the quantum computing sector, which has seen a significant rally since late March 2026. However, Quantinuum's financials reveal early-stage challenges: revenue fell sharply to $5.2 million in the March quarter from $19.1 million a year earlier, while net loss widened to $136.6 million. The company's revenue is highly concentrated, with Japan's RIKEN accounting for 90% of revenue last year but only 7% in the latest period. Quantinuum is pitching investors on its technology roadmap, targeting a fault-tolerant quantum computer by the end of the decade, with its current Helios system featuring 98 physical qubits and 99.921% two-qubit gate fidelity. The company plans to launch its next system, Sol, in 2027, followed by Apollo in 2029.
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