Finnish company IQM Quantum Computers plans to list shares on the US stock market via a merger with Real Asset Acquisition Corp, valuing the company at $1.8 billion. Quantum computers, crucial for cybersecurity, have attracted interest from tech giants and governments. IQM CEO confirms no current projects seek US federal stakes. The deal will bring additional capital and visibility, potentially boosting business.

The company’s investors include Finnish and German government funds, as well as the European Commission’s European Innovation Council. IQM CEO highlights the dual use of quantum computing in security and defense, emphasizing its potential for code-breaking. Special purpose acquisition companies (SPACs) raise money through IPOs to merge with private firms and take them public. Real Asset Acquisition will hold around 10% of IQM, maintaining its headquarters in Finland.

IQM aims to become the first listed European quantum computing company by also listing in Helsinki. The company sees itself as a global commercial leader in the quantum computing industry. Quantum computers with the capability to break current encryption in years garner high interest from governments for security purposes. The deal is expected to close around June, providing an opportunity for growth and expansion.

Read more at Yahoo Finance: IQM Quantum Computers to list shares in US at initial $1.8 billion valuation