Market Chatter: Honeywell's Quantinuum Working With Morgan Stanley, JPMorgan Chase on IPO

MT Newswires Live01-20

Honeywell International's (HON) majority-owned subsidiary Quantinuum is working on its initial public offering with Morgan Stanley (MS) and JPMorgan Chase (JPM), Bloomberg reported Tuesday, citing sources familiar with the matter.

Sources told Bloomberg that the IPO could raise at least $1.5 billion, valuing Quantinuum at $15 billion to $20 billion, but talks are still ongoing and these details are not final. The share sale is targeted in H1, according to the report.

Quantinuum, Honeywell, Morgan Stanley, and JPMorgan Chase did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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