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Finland's IQM to List in New York Through SPAC at $1.8 Billion Valuation

Closing is targeted for June pending required approvals.

Overview

  • The merger with Real Asset Acquisition Corp could provide over $300 million through a PIPE and the SPAC’s trust, assuming no redemptions.
  • IQM is considering a dual listing on the Helsinki exchange following the New York debut.
  • The company reports sales of 21 quantum systems to 13 customers and at least $35 million in unaudited 2025 revenue.
  • IQM develops full-stack, open-architecture quantum systems for on‑premise use or cloud access.
  • The firm raised $320 million in a September Series B at a $1 billion valuation, as some analysts signal growing confidence in quantum progress.