Helsinki, February 24, 2026 – The Europe Today: Finland-based quantum computing firm IQM has announced plans to go public on the New York Stock Exchange through a merger with a special purpose acquisition company (SPAC), valuing the business at approximately $1.8 billion.
The Espoo-headquartered company will combine with Real Asset Acquisition Corp, gaining direct access to U.S. public capital markets. The proposed transaction, which values IQM at roughly €1.5–1.6 billion, remains subject to shareholder and regulatory approval.
Strengthened Capital Position
Under the arrangement, the combined entity is expected to hold more than $460 million in cash, providing substantial funding for product development and global commercial expansion. IQM is also considering a potential dual listing on the Helsinki Stock Exchange.
SPAC vehicles raise capital from investors with the purpose of acquiring private companies, enabling them to become publicly traded entities following the merger.
Expanding Global Footprint
IQM employs more than 300 staff and develops quantum computers for research institutions and industrial clients. According to company figures, IQM generated at least $35 million in revenue last year, though the numbers remain unaudited. At year-end, the firm reported an order backlog or revenue visibility of approximately $100 million.
The company previously raised $320 million in growth financing last autumn, at which time it was valued at $1 billion, highlighting rapid growth in investor confidence.
Leadership in European Quantum Development
IQM has played a pivotal role in Finland’s national quantum computing initiatives. In 2021, the company partnered with VTT Technical Research Centre of Finland to complete the country’s first quantum computer.
In March 2025, IQM and VTT launched Europe’s first 50-qubit superconducting quantum computer at the Micronova facility in Espoo.
Following the planned listing, IQM aims to accelerate international customer acquisition and scale up manufacturing capacity, positioning itself as a key global player in the rapidly evolving quantum computing sector.
