Quantinuum
QNT · Nasdaq Filing snapshotQuantinuum — formed in 2021 from Honeywell Quantum Solutions and Cambridge Quantum — develops trapped-ion quantum computers and quantum software, sold directly and through cloud partners. Its $60.00 Nasdaq listing raised about $1.68B gross. The prospectus frames competition on two fronts: large technology companies — Alphabet, Amazon, IBM and Microsoft — that compete across products, and quantum pure-plays it lists as peers, including IonQ, Rigetti, QuEra Computing and Atom Computing. After the offering, the Honeywell entities hold about 47.8% of the voting power and ~87.4% of the Common Units under an Up-C structure.
The quantum leader fights on two fronts: Big Tech — IBM, Alphabet, Microsoft, Amazon — named as product competitors, and the pure-play field — IonQ, Rigetti, QuEra, Atom, PsiQuantum — listed as peers. A $1.68B raise on trapped-ion technology still years from broad commercial scale, with Honeywell — its 2021 co-founder — still holding ~47.8% of the vote.