IQM Plans IPO to Raise €450 Million for Quantum Computing Expansion
QUANTUM COMPUTING
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.

Feb 24, 2026, 10:45 AM