IQM starts Nasdaq trading with EUR 337 million cash
IQM Quantum Computers began trading on the Nasdaq Global Select Market on 2nd July 2026 under the ticker symbol IQMX.
That debut made IQM the first European quantum computing company listed on a major U.S. Stock exchange.
The listing followed the completion of IQM’s business combination with Real Asset Acquisition Corp., or RAAQ.
After the transaction, IQM reported a pro forma cash position of EUR 337 million.
Its American Depositary Shares now trade in the United States as IQM enters its next phase as a public company.
23 quantum computers sold
Before the listing, IQM had sold 23 quantum computers worldwide, which the company described as more than any other quantum manufacturer.
Those systems have gone to enterprises, research institutions, universities, supercomputing centres and national laboratories.
Through its Production Quantum model, IQM builds full-stack, open-architecture systems that customers can own, operate and build on.
IQM focuses on high-performance quantum processors, hardware-efficient control systems and advanced system engineering.
The company also recently announced a quantum error correction approach that reduces the hardware needed for fault-tolerant quantum computing.
Jan Goetz, IQM’s chief executive and co-founder, said organisations around the world are moving from exploration to implementation as they invest in quantum infrastructure.
CINECA, LRZ and Oak Ridge
IQM machines are operating at CINECA in Italy, the Leibniz Supercomputing Centre, known as LRZ, in Germany, and Oak Ridge National Laboratory in the United States.
Meanwhile, the company has expanded beyond Europe with its first Quantum Technology Centre in Maryland.
In Japan, Toyo Corporation bought an IQM system in what the company described as its first enterprise quantum computer purchase in that market.
IQM is headquartered in Espoo, Finland, and has major operations in Munich, Germany.
The company employs more than 400 people across Europe, Asia and North America.
Goetz said IQM entered the public markets with a growing global customer base and a strategy to scale commercial adoption of quantum computing.
