Honeywell says Quantinuum to file for IPO, shares rise

Shares of industrial conglomerate Honeywell International HON.O rise nearly 1% to about $212.1 premarket

HON says it plans for its majority-owned quantum computing subsidiary company, Quantinuum, to confidentially file draft IPO papers with the U.S. SEC

Adds that number of shares on offer and price range for the proposed offering have not yet been determined

Seventeen of 31 brokerages rate the stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $235 - data compiled by LSEG

HON gained 1.9% in 2025