Finnish quantum firm IQM to go public in U.S. via $1.8B SPAC merger, gaining $450M for growth.

Finnish quantum computing firm IQM is set to go public in the U.S. via a merger with SPAC Real Asset Acquisition Corp., valuing the company at $1.8 billion. The deal, expected to close in June, will provide over $450 million in cash for research, development, and global expansion. IQM, headquartered in Espoo, plans a dual listing on the Helsinki Stock Exchange. The company, which has delivered 15 quantum systems and reported at least $35 million in revenue, aims to accelerate fault-tolerant quantum computing. It counts government funds and the European Commission among its investors but is not seeking U.S. federal funding.