Finland’s IQM Quantum Computers plans to become one of the first European quantum computing firms to go public. The company will list in the United States through a merger that values it at about $1.8 billion.
Quantum company to go public via SPAC merger
Reuters reported that IQM has agreed to merge with Real Asset Acquisition Corp, a special purpose acquisition company (SPAC). This deal will allow IQM’s shares to start trading on the U.S. market. The transaction is expected to value IQM at about $1.8 billion, which is a major milestone for a European quantum computing hardware and systems developer.
The Business Wire press release, issued by the companies involved, confirmed that IQM would become one of the first European quantum firms to be listed publicly following the merger with Real Asset Acquisition Corp. According to the release, the combined company’s shares are expected to trade on the Nasdaq under a new ticker symbol following the completion of the business combination.
Raising capital for quantum technology development
CNBC reports that IQM’s planned public listing will help the company speed up its work on building and selling quantum computers, compete with U.S. and Chinese companies, and grow its research and development. The extra capital from public markets should support IQM’s long-term plans for quantum hardware, software co-design, and applications.
The press release also said that the SPAC deal will give IQM significant funding to support growth, such as increasing manufacturing and expanding global partnerships.
A rare European entrant in public quantum space
Quantum computing has mostly been led by U.S. and Chinese companies, but IQM’s listing marks an important European entry into public markets for this new technology. The deal could help raise the profile of European quantum pioneers and attract more interest from institutions in the technology’s future impact.
The combined company expects that going public will create new opportunities to develop quantum systems that can solve complex problems beyond the reach of traditional computers.
Next steps and expectations
Under the terms announced, shareholders of Real Asset Acquisition Corp are expected to vote on the merger agreement, and if approved, the transaction should close later this year. Once completed, IQM’s public debut could mark a significant milestone not just for the company but for the European quantum ecosystem.
By raising money from public markets, IQM hopes to speed up the development and rollout of quantum computing technologies. Global demand for quantum innovation is growing in areas like pharmaceuticals and logistics optimization.
With a Nasdaq listing ahead and strong funding, IQM is positioning itself as a leader in the global quantum computing race.
