Finnish unicorn IQM plans to go public via a special purpose acquisition company (SPAC) valuing the company at approximately $1.8 billion — joining the growing cohort of quantum computing companies listed on U.S. stock markets.

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Finnish quantum computing company IQM, founded in 2018 as a spinout from Aalto University and VTT Technical Research, plans to go public via a SPAC at a valuation of approximately $1.8 billion. The company reported $35 million in 2025 revenue and over $100 million in bookings, and will have a cash position exceeding $450 million post-transaction. IQM is considering listing on both a U.S. exchange (Nasdaq or NYSE) and a Nordic exchange. This follows a broader trend of quantum companies going public via SPACs, including Infleqtion and Xanadu Quantum Technologies, amid surging investor interest in quantum computing despite industrial applications still being years away.

Finnish quantum unicorn IQM set to go public

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