IQM to Become Europe’s First Public Quantum Firm in $1.8B SPAC Deal

Finland’s IQM Quantum Computers will merge with Real Asset Acquisition Corp to go public. The transaction assigns IQM a pre-money equity valuation of approximately $1.8 billion. This deal will make IQM the first European quantum computing company to list publicly.

The merger expects to close around June 2026. IQM will list its shares on a major U.S. stock exchange. The company is also considering a dual listing in Helsinki.

The transaction will provide IQM with over $450 million in cash. This capital combines funds from the SPAC’s trust and other private investments. IQM will use the infusion to accelerate the research, development, and commercialization of its full-stack quantum systems.

The move follows previous SPAC listings by quantum firms IonQ and Rigetti. The deal signals growing investor interest in the quantum technology sector.