IQM Quantum Computers began trading on Nasdaq on July 2 under the ticker “IQMX,” reaching the public market through a SPAC merger rather than a traditional IPO.
The deal values IQM at a pre-money valuation of roughly $1.8 billion and delivers a pro forma cash position of €337 million.
IQM reported €31 million in 2025 revenue, an unusually concrete commercial number in a sector where most rivals report losses and little to no sales.
The Finnish quantum computing company IQM started trading on the Nasdaq Global Select Market on July 2 with the ticker “IQMX.”
Rather than going through a traditional IPO, IQM merged with Real Asset Acquisition Corp, a Princeton-based SPAC. While many European tech companies move to the US for capital, IQM chose to stay in Finland.
