IQM Quantum Computers Lists on Nasdaq via SPAC Merger

IQM Quantum Computers, a prominent European player in the quantum computing arena, has officially commenced trading on the Nasdaq stock exchange. This significant milestone follows the successful conclusion of its merger with Real Asset Acquisition Corp. (RAAQ), a Special Purpose Acquisition Company (SPAC). The combined entity will now operate under the ticker symbol IQMX, with its warrants listed as IQMX WS.

The strategic move to go public was initially announced in February 2026, signaling a substantial pre-money valuation of $1.8 billion for IQM. This transaction not only provides IQM with enhanced capital access but also positions it as the first European quantum computing firm to achieve a public listing in the United States. This development underscores the growing investor confidence in the quantum sector's long-term potential as a transformative technology.

Jan Goetz, CEO and co-founder of IQM, articulated the company's founding vision, stating, "We founded IQM with the conviction that quantum computing would become a foundational technology for nations, scientific institutions, and industry." He further emphasized the current market perception, noting, "Today, quantum computing is increasingly being viewed as strategic infrastructure, and customers around the world are investing accordingly." Goetz highlighted that the public listing will bolster IQM's capacity to realize its ambitious roadmap, broaden its international reach, and continue its delivery of comprehensive quantum systems.

Peter Ort, principal executive officer and co-chairman of RAAQ, expressed enthusiasm for the partnership, commenting, "IQM has distinguished itself through its technological leadership, global customer footprint, and proven ability to deliver quantum systems into production environments." He added, "We are proud to have partnered with the team on this transaction and look forward to supporting the Company’s continued growth as a public company." The merger was formally ratified by RAAQ shareholders on June 25.

Founded in Helsinki, Finland, in 2018, IQM specializes in providing full-stack quantum computers and associated applications to high-performance computing centers, research institutions, universities, and commercial enterprises. The company operates advanced quantum data centers in Finland and Munich, Germany, offering cloud-based access to its cutting-edge technology. IQM has already established a notable track record, having delivered quantum systems to supercomputing facilities in South Korea, Poland, Italy, and Taiwan. To date, the company reports having sold 21 systems to 13 distinct customers, with a total of 30 systems manufactured.

The quantum computing sector has seen a wave of public market entries, with several key players, including D-Wave, Rigetti, IonQ, Infleqtion, and Quantinuum, having previously completed SPAC mergers. Xanadu Quantum is also in the process of pursuing a similar public listing. This trend reflects the increasing maturity of the quantum technology industry and its appeal to public market investors seeking exposure to next-generation computing solutions. The successful listing of IQM further solidifies the growing ecosystem of publicly traded quantum technology companies.