tech

February 23, 2026

Finland's IQM to become one of Europe's first listed quantum companies at $1.8 billion valuation

The transaction will see the company hit a $1.8 billion valuation.

Finland's IQM to become one of Europe's first listed quantum companies at $1.8 billion valuation

TL;DR

  • IQM, a Finland-based quantum computing startup, plans to become one of Europe's first publicly listed companies in the sector.
  • The company will merge with special purpose acquisition company (SPAC) Real Asset Acquisition Corp, aiming for a $1.8 billion equity valuation.
  • The transaction is expected to provide over $300 million in funding for IQM.
  • IQM builds full-stack, open-architecture quantum systems and has sold 21 systems to 13 customers, with unaudited revenue of at least $35 million in 2025.
  • The quantum computing sector is seeing increasing investment, with China and the EU leading in public investment.

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