Article

Finnish quantum computer manufacturer IQM aims to go public this summer, targeting a valuation of $1.8 billion. The IPO will utilize a SPAC merger with RAAQ on Nasdaq and potentially the NYSE, aiming to raise €450 million to support its growth.

IQM focuses on silicon-based chips and claims power efficiency with 150 qubits, competing with major US firms. The company recently secured €275 million in funding, marking an increasing interest in quantum computing technology in Europe and globally.