IQM CEO and co-founder Dr Jan Goetz. Image: IQM
IQM Quantum Computers has become the first European quantum computing company to list on a major US stock exchange.
Finland’s IQM Quantum Computers began trading on the Nasdaq Global Select Market on Wednesday (July 2) under the ticker symbol IQMX, becoming the first European quantum computing company to list on a major US stock exchange.
The listing follows the completion of IQM’s business combination with Real Asset Acquisition Corp (RAAQ), a special purpose acquisition company. The deal leaves IQM with a pro forma cash position of €337m to fund its next phase of growth.
Founded in Espoo in 2018 by a group of scientists with the aim of building the best quantum processing units, IQM has since grown into a global provider of full-stack superconducting quantum computers, deploying systems to enterprises, research institutions, supercomputing centres and national laboratories. The company now employs more than 400 people across Europe, Asia and North America.
