IQM claims to have sold 23 quantum computers worldwide, more than any other quantum manufacturer.

Finland’s IQM Quantum Computers began trading on the Nasdaq Global Select Market on Thursday (2 July) under the ticker symbol IQMX, becoming the first European quantum computing company to list on a major US stock exchange.

The listing follows the completion of IQM’s business combination with Real Asset Acquisition Corp, a special purpose acquisition company. The deal leaves IQM with a pro forma cash position of €337m to fund its next phase of growth.

Founded in Espoo in 2018 by a group of scientists with the aim of building the best quantum processing units, IQM has since grown into a global provider of full-stack superconducting quantum computers, deploying systems to enterprises, research institutions, supercomputing centres and national laboratories. The company now employs more than 400 people across Europe, Asia and North America.

IQM claims to have sold 23 quantum computers worldwide, more than any other quantum manufacturer. Its customers include CINECA in Italy, the Leibniz Supercomputing Center in Germany, and the US Department of Energy’s Oak Ridge National Laboratory. The company also recently secured the first enterprise quantum computer purchase in Japan, with Toyo Corporation acquiring an IQM system.

“Quantum computing is reaching an inflection point,” said Jan Goetz, CEO and co-founder of IQM. “Around the world, organisations are moving from exploration to implementation, investing in quantum infrastructure and building the capabilities that will define the next generation of computing.

“IQM enters the public markets from a position of strength, with leading technology, a growing global customer base and a clear strategy for scaling the commercial adoption of quantum computing.”

Central to IQM’s commercial model is what it calls the ‘production quantum’ approach – full-stack, open-architecture systems that customers own, operate and build on, rather than access remotely via cloud alone.

The company is also expanding its US footprint with the opening of its first quantum technology centre in Maryland, and has recently announced a novel quantum error correction approach that it says significantly reduces hardware requirements for fault-tolerant quantum computing.

IQM’s Nasdaq debut comes as the broader quantum sector attracts growing attention from investors and governments alike, with organisations increasingly moving beyond research to real-world deployment.

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