"Honeywell Weighs Quantinuum IPO At $10B Valuation; The Firm Has Held Early Talks With Banks On Potential IPO; A Listing In The US Could Take Place As Soon As Next Year" - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Honeywell International Inc. is considering an IPO for its majority-owned quantum computing firm, Quantinuum, potentially seeking a $10 billion valuation. Discussions with investment banks are ongoing, and the listing could occur as soon as next year.
July 26, 2024 | 4:58 pm
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Honeywell International Inc. is considering an IPO for its quantum computing firm Quantinuum, potentially seeking a $10 billion valuation. This move could unlock significant value for Honeywell shareholders.
The potential IPO of Quantinuum could unlock significant value for Honeywell shareholders, as it would highlight the value of its quantum computing assets. This news is likely to be viewed positively by investors, potentially driving up Honeywell's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100