Quantinuum IPO: Will Quantinuum Stock Trade in 2025?
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Explore the potential to own Quantinuum stock indirectly via Honeywell or participate in the upcoming IPO anticipated in 2025. TradeStation offers access to select IPOs or own Honeywell stock to gain investment exposure to Quantinuum.
Table of Contents
Notable Quantinuum News
03/21/2025: Quantinuum CEO Says the Future Includes Nvidia
01/22/2025: Quantinuum Plans to Build R&D Center in New Mexico
12/17/2024: Honeywell’s quantum business could be worth $20 billion
09/10/2024: Quantinuum Unveils Roadmap Fault-Tolerant Quantum Computing by 2030
Older news…
About Quantinuum
Quantinuum (pronounced quan-tin-you-um) is a leading quantum computing company. Quantinuum emerged from a 2021 merger between Honeywell Quantum Solutions, who provided the hardware team, and Cambridge Quantum, who provided the software team.
Quantum computing companies develop new types of computers that use quantum mechanics, allowing them to solve problems much faster than regular computers.
They create both the hardware and software to use “qubits,” which can process multiple states at once, making them useful for complex tasks like secure communication and scientific research.
Quantum computing is in the early stages of development and has limited applications today. But the potential for quantum computing is estimated to be a trillion market.
Alphabet, IBM, PsiQuantum, and many other companies see the potential and are investing billions to make quantum computing viable.
Quantinuum has developed a roadmap for 2030 that enables fully fault-tolerant computing (low error rates) that would enhance the commercialization of its computing power.
This 60 Minutes piece is an excellent profile on quantum computing, primarily highlighting Alphabet and IBM’s work:
Ownership
Honeywell owns a 54% stake in Quantinuum, contributing $300 million in the company’s early stage. IBM Ventures invested an estimated $25 million in early 2022.
A January 2024 funding round raised another $300 million and included strategic partners JPMorgan Chase, Mitsui & Co., and Amgen.
The company’s investors consist of corporate entities and strategic partners instead of traditional venture capital investors.
Funding Rounds
| Round | Date | Investor(s) | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|---|
| Unknown | 01/2024 | Honeywell, JPMorgan, Mitsui, Amgen | $5.00B | $300.00M | NA |
| Unknown | 02/2022 | IBM Ventures | NA | $25.00M | NA |
| Seed | 11/2021 | Honeywell | NA | $300.00M | NA |
Valuation
The January 2024 round established the Quantinuum valuation at approximately $5 billion.
Bloomberg reported that the company was exploring a potential $10 billion IPO six months later.
IPO Potential
The specific Quantinuum IPO date is currently unknown. However, Bloomberg reported that the company was weighing an IPO at a $10 billion valuation.
The report indicated that Honeywell had held early discussions with multiple investment banks about a U.S. IPO.
The IPO could happen as early as 2025.
Bookmark this page for the latest Quantinuum stock and IPO news.
How to Invest in Quantinuum Stock
Generally, it’s challenging to acquire shares of high-demand pre-IPO companies. Most investors must settle for buying the stock after it begins trading.
In Quantinuum’s case, ordinary investors can gain investment exposure to the company by investing indirectly.
Indirect is a simple way to gain exposure to startups, but the payoffs are smaller than direct ownership.
At a $10 billion valuation, retail investors may get a chance to access IPO shares when the company makes its public debut.
1. Buy Honeywell Stock
The best way to access shares of Quantinuum is through buying shares of Honeywell (HON). Honeywell owns more than 50% of the Quantinuum equity. At a $10 billion valuation, Honeywell’s stake could be worth about $5 billion.
Honeywell’s market cap as of early November 2024 is about $136 billion (see current below). A successful Quantinuum IPO could raise substantial funds and provide a return to investors.
Honeywell may grant some Quantinuum shares or offer IPO access to Honeywell shareholders through a directed share program. We won’t know more until an S-1 filing is released to the public.
Below is the latest Honeywell stock price and market cap.
2. Participate in the Quantinuum IPO through a broker
Interested investors may find opportunities to invest during the IPO. That means acquiring shares at the IPO price the night before the company begins trading.
The bookrunners will tightly control shares. But savvy investors can access IPOs if you know where to look.
Once reserved for Wall Street’s wealthiest customers, IPO access has become more attainable to retail investors in the past five years.
Online brokers like the following give customers free access to IPOs, even with low account balances.
TradeStation has a longer track record of accessing more than 400 IPOs and secondary offerings via its partnership with ClickIPO.
Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy Quantinuum after the stock begins trading
Most investors will not be able to own Quantinuum stock until after the IPO. Owning Honeywell today is the most practical way to participate in this deal. Honeywell shareholders will benefit if the IPO succeeds in generating Wall Street interest.
Otherwise, investors can wait until the IPO to pick up shares when valuations look attractive. Avoid chasing overpriced or overhyped IPOs soon after their debut, especially during periods of irrational exuberance.
Frequently Asked Questions (FAQs)
Is Quantinuum stock publicly traded?
No. Quantinuum is not publicly traded. It is a private company.
Honeywell, whose stock is publicly traded, owns 54% of Quantinuum.
What is the Quantinuum stock price?
Since Quantinuum is not publicly traded on a stock exchange, there is no Quantinuum stock price yet.
The share price at which shares were sold to its investors was not released to the public.
What is the Quantinuum stock symbol?
Quantinuum has not yet submitted public filings to the SEC. Therefore, we won’t know the Quantinuum stock symbol until the company releases its S-1 filing.
But we can speculate. Here are a few stock symbol suggestions available in the U.S.
- QUAN
- QTNM
- NUUM
Can you invest directly in Quantinuum stock today?
No. We’ve seen no evidence of pre-IPO marketplace activity for Quantinuum stock.
Investors can evaluate Honeywell stock as an investment opportunity to gain exposure to Quantinuum equity.
Where is the Quantinuum S-1 Filing?
The Quantinuum S-1 filing is not yet available. Once it is public, we’ll post it here.
Startups often file their S-1s confidentially a few months before the public release. News of a confidential filing will help determine the Quantinuum IPO date.
But we’ve only heard that Honeywell is talking to bankers about a potential Quantinuum IPO.
You can find a real-time SEC feed of the latest IPO filings from companies on the recent S-1 filings page.
How do you pronounce Quantinuum?
Quantinuum is pronounced “quan-tin-you-um”, with the accent on the second syllable.
The name is a portmanteau of quantum and continuum.
Quantinuum News Archive
07/26/2024: Honeywell Weighs Quantinuum IPO at $10 Billion Valuation
01/16/2024: Quantinuum valued at $5 billion after fundraise
02/23/2022: IBM invests in Honeywell/Cambridge Quantum Computing JV
11/30/2021: Introducing Quantinuum
Conclusion
Quantinuum is positioned to make significant strides in the computing industry. For investors, excitement is gaining steam as it could be an IPO candidate in 2025 or later.
Having established a roadmap targeting fault-tolerant quantum computing (e.g., improved reliability and redundancies) by 2030, Quantinuum has the potential to revolutionize healthcare, chemistry, mathematics, cryptology, and numerous other scientific fields.
Though still private, investors can easily gain indirect investment exposure by owning Honeywell stock, a majority shareowner with a 54% stake. Honeywell’s control of Quantinuum’s anticipated IPO could raise substantial funds and ignite public investor enthusiasm for quantum computing.
If the IPO is substantial enough, ordinary investors may get a chance to participate. Shares and access will be limited, but online brokers like TradeStation, Fidelity, and Robinhood are the most likely candidates to provide access to IPO allocations.
Investors interested in owning Quantinuum stock should first look to Honeywell and then position themselves for the Quantinuum IPO by opening and funding accounts with brokers offering IPO access.
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. He started Access IPOs in 2016 to provide a resource for ordinary investors pursuing investment access to IPOs and pre-IPO startups. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
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