IPO pricing is imminent, likely within 1-2 trading days. The quantum computing sector is high-risk with no near-term profitability, but the CHIPS Act catalyst and Honeywell backing provide credibility. Monitor pricing vs. the $53-$55 range and first-day trading for demand signals.
Price Chart
Executive Summary
The SEC declared effective Quantinuum Inc.'s S-1 registration statement for its initial public offering of Class A common stock. The company, a full-stack quantum computing firm, can now proceed to price and list on Nasdaq under the ticker QNT, with the most recent terms indicating 26.5 million shares at $53.00-$55.00 per share.
Key Facts
- Effectiveness date: June 3, 2026, for SEC File No. 333-295701.
- IPO registration for Class A common stock of Quantinuum Inc. is now effective.
- Most recent S-1/A (June 1, 2026) proposed 26.5 million shares at $53.00-$55.00 per share.
- Company is a leading full-stack quantum computing company using trapped-ion technology.
- Q1 2026 revenue of $5.2M, net loss of $136.6M, cash of $677M.
- Proceeds will purchase Common Units from Quantinuum Holdings for general corporate purposes.
- Honeywell expected to hold ~48.1% voting power post-IPO via Up-C structure.
- Non-binding LOI with Dept. of Commerce for up to $100M CHIPS Act funding.
- Application to list on Nasdaq under symbol QNT.
Financial Impact
IPO expected to raise approximately $1.4 billion at the midpoint of the $53.00-$55.00 range (26.5M shares), before underwriting discounts and expenses.
Risk Factors
- Pre-revenue company with significant operating losses ($136.6M net loss on $5.2M revenue in Q1 2026).
- Up-C structure gives Honeywell ~48.1% voting control, limiting minority shareholder influence.
- Quantum computing commercialization timeline is uncertain; no guarantee of market adoption.
- CHIPS Act LOI is non-binding and subject to execution risk.
- Potential dilution from future equity issuances or unit exchanges.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001867 |
| Document: 9999999995-26-001867-index.html | 9999999995-26-001867 |
| Document: 9999999995-26-001867.txt | 9999999995-26-001867 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 16, 2026 6w ago | Institutional Cluster | $66.01 $49.10 | ▼ −25.62% | ▼ −24.09% | $46.33 (−29.81%) |
Jul 27, 2026 9w ago | Press Release | $49.78 $53.89 | ▲ +8.26% | ▲ +4.88% | $46.33 (−6.93%) |
Jun 8, 2026 16w ago | Insider Buy | $54.94 $77.60 | ▲ +41.24% | ▲ +39.80% | $46.33 (−15.67%) |
Jun 8, 2026 16w ago | Insider Cluster | $54.94 $77.60 | ▲ +41.24% | ▲ +39.80% | $46.33 (−15.67%) |
Jun 4, 2026 17w ago | 3 | $56.26 $83.17 | ▲ +47.83% | ▲ +45.97% | $46.33 (−17.65%) |
Jun 4, 2026 17w ago | 3 | $56.26 $83.17 | ▲ +47.83% | ▲ +45.97% | $46.33 (−17.65%) |
Jun 4, 2026 17w ago | EFFECT | $60.38 $74.56 | ▲ +23.48% | ▲ +24.86% | $46.33 (−23.27%) |
Jun 1, 2026 17w ago | S-1/A | — | awaiting T+20 | — | — |
May 26, 2026 18w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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