Honeywell (HON) announced that Quantinuum, which is majority owned by Honeywell, plans to make a confidential submission of a draft registration statement on Form S-1 to the U.S. SEC relating to the proposed initial public offering of Quantinuum’s common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions and the completion of the SEC’s review process.
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