Article

Honeywell announced that its majority-owned quantum computing unit, Quantinuum, plans to confidentially file for an initial public offering (IPO) with the U.S. Securities and Exchange Commission, though specific details about the offering have not been disclosed.

Following the news, Honeywell's shares rose approximately 1.7% in premarket trading. Quantinuum, formed in 2021, has previously raised significant funding and serves high-profile clients including Airbus and JPMorgan Chase.