A new quantum-computing stock is getting closer to hitting Wall Street, as a Honeywell International spinoff named Quantinuum has set terms Tuesday for an initial public offering.

Those terms become public with quantum stocks enjoying a wave of interest, as

Colorado-based Quantinuum, which bills itself as a vertically integrated quantum-computing platform, was among the quantum companies in line to receive new funding from the Trump administration of $100 million, with the government also taking a minority equity stake.