IQM Quantum Computers Goes Public on Nasdaq in European First

Jan de Vries · 2026-07-03

### A Milestone for European Quantum Computing Finland's IQM Quantum Computers just made history. The Espoo-based company went public on both the Nasdaq and Helsinki Stock Exchange, becoming the first quantum technology firm in Europe to do so. This isn't just a win for IQM; it's a huge signal that quantum computing is moving from labs to real-world markets. ### The Numbers Behind the Listing IQM raised $146 million in PIPE (private investment in public equity) financing as part of this dual listing. Key Finnish investors like Tesi, Ilmarinen, Elo, and Varma participated. Post-transaction, IQM holds a pro forma cash position of $387 million. In total, the company has raised $545 million in growth financing since its founding in 2018. ### What IQM Actually Does IQM builds full-stack quantum computers using superconducting technology. They sell both on-premises systems and cloud access. Their on-premises model is a big deal for customers who want full control over their quantum infrastructure—think governments, research labs, and large enterprises that need sovereignty over their data. ### Global Reach and Customers IQM has sold 23 quantum computers worldwide. Their systems are already running at: - CINECA in Italy - Leibniz Supercomputing Center in Germany - Oak Ridge National Laboratory in the U.S. Department of Energy They've also opened a Quantum Technology Center in Maryland. In Japan, Toyo Corporation bought the country's first enterprise quantum computer from IQM. And in Poland, Galaxy became the world's first private enterprise to purchase one of IQM's systems. ### Why This Matters for U.S. Professionals If you're in the U.S. tech or investment space, IQM's listing is worth watching. Quantum computing is reaching what CEO Jan Goetz calls "an inflection point." Organizations are moving from exploration to implementation. IQM's dual listing on the Helsinki and Nasdaq exchanges gives U.S. investors direct access to a European quantum leader. Plus, with 400+ employees across Europe, Asia, and North America, they're building a truly global footprint. ### The Finnish Connection Finland is positioning itself as a European powerhouse for deep tech. Tesi, the Finnish state investment firm, has been an owner since 2019 and holds over 9% of IQM. Their CEO, Pia Santavirta, called this listing "Europe's first quantum technology company listing" and a point of national pride. It's a reminder that innovation isn't just happening in Silicon Valley. ### What's Next for IQM? With a strong cash position and growing customer base, IQM is well-positioned to scale. Their open-architecture systems allow customers to own, operate, and build on the technology. As quantum computing moves into industries like pharmaceuticals, finance, and logistics, IQM's early mover advantage could pay off big. ### Final Thoughts IQM's listing is more than a financial event. It's a sign that quantum computing is becoming a commercial reality. For U.S. professionals watching the space, this is a company to track. Whether you're an investor, a tech executive, or just curious about the future of computing, IQM's journey from a university spinout to a public company is a story worth following.