Industrial giant Honeywell (HON.O), opens new tab said on Wednesday its ​quantum computing company, Quantinuum, has confidentially filed ‌paperwork for a U.S. initial public offering. The firm, majority owned by Honeywell, had submitted papers with ​the U.S. Securities and Exchange Commission ​in February. Honeywell did not disclose the financial ⁠details of the potential offering, but Quantinuum ​was valued at $10 billion in a fundraising round ​in September. The filing comes as the market for new listings regains momentum after a brief lull in March, ​when volatility tied to the U.S.-Israeli ​war with Iran and a broader software selloff forced ‌many ⁠issuers to the sidelines. The move also coincides with a race to accelerate development of quantum computing technology, which promises to solve complex ​problems exponentially ​faster than ⁠classical supercomputers. The full-stack quantum computing provider’s technologies are used by Honeywell, ​Airbus, BMW Group, HSBC and JPMorgan ​Chase. Quantinuum, ⁠formed in 2021 after a separation from Honeywell and merger with Cambridge Quantum, is chaired ⁠by ​the industrial giant’s CEO, Vimal ​Kapur, and led by Intel veteran Rajeeb Hazra.

Full report : Industrial giant Honeywell said on Wednesday its ​quantum computing company, Quantinuum, has confidentially filed ‌paperwork for a U.S IPO.

For more see the OODA Company Profile on Quantinuum.