IQM Plans IPO to Raise €450 Million for Quantum Computing Expansion
Finnish quantum computer manufacturer IQM aims to go public this summer, targeting a valuation of $1.8 billion. The IPO will utilize a SPAC merger with RAAQ on Nasdaq and potentially the NYSE, aiming to raise €450 million to support its growth. IQM focuses on silicon-based chips and claims power efficiency with 150 qubits, competing with major US firms. The company recently secured €275 million in funding, marking an increasing interest in quantum computing technology in Europe and globally.
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IQM, a Finnish quantum computer manufacturer, plans to go public in summer 2026 through a SPAC merger with RAAQ listed on Nasdaq, aiming for a $1.8 billion valuation and raising €450 million. The IPO will enable faster market entry and fund growth in a sector gaining commercial attention.
IQM's technology employs silicon-based chips and operates with 150 qubits. The firm recently completed a €275 million funding round, emphasizing investor interest in quantum computing. This move reflects a competitive landscape where US and Chinese companies heavily invest in the technology.
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