IQM Quantum Computers Becomes First European Quantum Computing Company Listed On A Major US Exchange

Finnish quantum computing company IQM Quantum Computers has begun trading on the Nasdaq Global Select Market, becoming the first European quantum computing company to list on a major US stock exchange.

The company’s American Depositary Shares are trading under the ticker symbol “IQMX” following the completion of a business combination with Real Asset Acquisition Corp (RAAQ). IQM holds a pro forma cash position of EUR 337 million as a result of the transaction.

IQM builds full-stack, open-architecture superconducting quantum systems that customers own, operate and build on, a model it calls Production Quantum. The company has sold 23 quantum computers worldwide, which it describes as more than any other quantum manufacturer.

Scaling from research to commercial adoption

IQM delivers complete quantum computing systems to enterprises, research institutions, universities, supercomputing centres and national laboratories. The company was founded in 2018 and is headquartered in Espoo, Finland, with operations in Munich. It employs more than 400 people across Europe, Asia and North America.

Jan Goetz, CEO and Co-Founder of IQM Quantum Computers, described the listing as the beginning of a new phase for the company.

“Quantum computing is reaching an inflection point. Around the world, organizations are moving from exploration to implementation, investing in quantum infrastructure and building the capabilities that will define the next generation of computing,” Mr Goetz said.

“IQM enters the public markets with technology, a growing global customer base and a clear strategy for scaling the commercial adoption of quantum computing. We are excited to begin this next chapter as a public company.”

Technology approach

IQM’s work centres on high-performance quantum processors, hardware-efficient control systems and system engineering.

The company has announced a quantum error correction approach that it says reduces the hardware requirements for fault-tolerant quantum computing. Its quantum computers are operated by an open and modular software stack intended to support a broad developer community and enable industrial use cases.

Global installations

IQM’s quantum computers are operational at a number of institutions and supercomputing centres around the world.

These include CINECA in Italy, the Leibniz Supercomputing Center (LRZ) in Germany and the Department of Energy’s Oak Ridge National Laboratory (ORNL) in the United States.

The company is expanding its US footprint with the opening of a Quantum Technology Center in Maryland, alongside the ORNL installation. IQM has framed both moves as central to its US expansion strategy.

First enterprise sale in Japan

IQM has also secured what it describes as the first enterprise quantum computer purchase in Japan. Toyo Corporation acquired an IQM system to accelerate industrial quantum computing applications and broaden access to quantum technologies for Japanese enterprises and research organisations.

The sale reflects the company’s push into the Asian market alongside its existing European and North American operations.

Market outlook

IQM considers the quantum computing market to be approaching an inflection point as governments, enterprises and scientific institutions increase their investments in next-generation computing capabilities.

The company points to materials science, optimisation, artificial intelligence, cybersecurity, climate modelling and drug discovery as areas where quantum computing could be applied.

The Nasdaq listing is intended to support IQM’s continued execution of its technology roadmap and the scaling of its operations as a vertically integrated quantum computing company.

Last Updated on July 5, 2026 by Nick Ross