Finnish quantum computing firm IQM to be listed on US stock market - Yle
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Espoo-based quantum computing firm IQM Finland is set to be listed on the US stock market, the firm announced on Monday.In a press release, IQM explained that it has made an agreement with the "special purpose acquisition company" Real Asset Acquisition Corp, a Nasdaq-listed firm, to make the move."The transaction provides funding with the aim to accelerate IQM’s technology and commercial development towards fault-tolerance quantum computing, further advancing its position as a leading provider of quantum computers," the release said.At the same time, the company is set to receive around 330 million euros in additional funding.IQM said it is also considering a dual listing that would "see the trading of IQM’s ordinary shares on the Helsinki Stock Exchange, which would be expected to take place following the completion of this transaction".According to Reuters, the company is valued at an estimated 1.8 billion US dollars, or around 1.6 billion euros.The state-owned VTT Technical Research Centre of Finland and IQM completed work on Finland's first quantum computer in 2021.IQM's co-founder and CEO, Jan Goetz, said that from the start, the company was built with one purpose: "to put quantum computers in the hands of the people who will use them to solve real problems"."Not someday. Now. Quantum computing is a science project no more. It is an industry where customers own, operate, and build on advanced quantum computers," Goetz said in the release.