Finnish quantum hardware maker IQM Quantum Computers has become the first European quantum computing company to list on a major US exchange, according to Tech.eu.
The company reached the public markets through a SPAC merger with RAAQ — a deal in which a shell company already trading on the market absorbs a private firm to take it public. BeBeez International reports that IQM completed the merger and began trading on Nasdaq.
According to Tech.eu, IQM enters the public markets with €337 million in cash, 23 quantum computer sales to date, and plans to accelerate global commercial adoption of its technology.
The listing also has a European leg. In a stock exchange release dated July 2, 2026, IQM said Nasdaq Helsinki approved its listing application, with trading in its shares on that regulated market set to commence on July 3, 2026.
IQM's debut arrives amid a broader wave of activity in the sector. MSN reports that more quantum computing companies are going public via SPAC mergers, and that IQM is breaking into the US market at a time when federal support for quantum technology has been growing.
Quantum computers aim to solve certain problems far faster than conventional machines by exploiting the physics of subatomic particles, and the field has drawn intense investor and government interest despite most of the technology remaining early-stage.
Why it matters: IQM's arrival gives US investors direct access to a European quantum player for the first time, signaling that the race to commercialize quantum computing is now a public-market contest as much as a scientific one.