IQM Finland, a developer of superconducting quantum computers, is set to go public via a $1.8bn SPAC deal with Real Asset Acquisition Corp. The merger will make IQM the first European quantum computing company to go public, with plans for a dual listing on the Helsinki stock exchange. The company has a cash position exceeding $450m for research and product development. IQM has installed over 15 systems and achieved high system sales, with expected revenue of $35m for 2025. The merger is subject to shareholder approval and is backed by $175m in cash from RAAQ’s trust account.

Read more at Yahoo Finance: IQM Quantum Computers to go public via $1.8bn SPAC deal