NYSE:HON

Honeywell Shares Rise After Quantinuum IPO Sets $12.7 Billion Bar for HON
····

Honeywell Shares Rise After Quantinuum IPO Sets $12.7 Billion Bar for HON

Honeywell rose 0.9% to $233.86 after its quantum unit Quantinuum set terms for a Nasdaq IPO targeting a $12.7 billion valuation. Quantinuum plans to offer 21.05 million shares at $45–$50 each, expecting net proceeds of about $941.7 million. Honeywell will retain about 49.1% voting power post-offering. Barclays raised its Honeywell price target to $251, maintaining an overweight rating.
May 27, 2026

Stock Market Today

  • Data Protection Rises as Top Concern for Financial Institutions Amid Cyber Threats
    May 27, 2026, 10:39 AM EDT. Financial institutions face growing cybersecurity risks as digital transactions increase globally. Handling vast amounts of sensitive data makes banks prime targets for hackers using tactics like phishing scams, ransomware attacks, and insider threats. The rise of mobile banking apps adds convenience but also vulnerability to cyberattacks. Experts urge the use of secure tools such as password managers to reduce unauthorized access. Protecting data is now critical to operational security and maintaining customer trust. Financial firms must enhance defenses continuously to counter evolving cybercrime techniques and prevent costly breaches and service interruptions.