Finnish quantum computing company IQM will go public on the NYSE through a SPAC merger

LootboxPhobia · 2026-02-23T23:25:26+00:00

Finnish quantum computing startup IQM plans to merge with Real Asset Acquisition Corp., becoming one of Europe's first publicly listed quantum companies, with an initial valuation of $1.8 billion. The deal is expected to be completed by June this year. IQM focuses on full-stack quantum systems and may pursue a dual listing on the Helsinki Stock Exchange.

LootboxPhobia

2026-02-23 23:25:26

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Investing.com – Finland-based quantum computing startup IQM announced on Monday plans to merge with special purpose acquisition company Real Asset Acquisition Corp., becoming one of the first companies in Europe to go public in this sector.

The company stated in a release on Monday that the deal values IQM’s initial equity at $1.8 billion and is currently awaiting shareholder approval and the fulfillment of other regulatory conditions.

IQM expects the transaction to be completed around June of this year, with the listing to follow shortly thereafter. The company is also considering a dual listing on the Helsinki Stock Exchange.

Founded in 2018, IQM raised $320 million in a Series B funding round in September last year, valuing the company at $1 billion at the time. The round was led by U.S. cybersecurity investment firm Ten Eleven Ventures, with Finnish venture capital firm Tesi also participating.

IQM is building full-stack, open-architecture quantum systems that can be deployed locally or accessed via the cloud.

This merger could provide the company with over $300 million in funding, sourced from private equity financing of the publicly listed company and cash held in the RAAQ trust account, provided that no redemptions occur when SPAC investors withdraw from the deal prior to the listing.

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