01:48 PM EDT, 07/26/2024 (MT Newswires) -- Honeywell International ( HON ) is mulling over a potential initial public offering of Quantinuum in 2025, Bloomberg reported Friday, citing people with knowledge of the matter.

The firm has held talks with investment banks about a potential US listing for the quantum computing company, with a valuation of around $10 billion, Bloomberg said.

The company is in early talks and the plan could change, the people reportedly told Bloomberg.

Honeywell ( HON ) and Quantinuum did not immediately respond to MT Newswires' requests for comment.

(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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