Europe's IQM to go Public via SPAC
The next wave of Quantum SPACs are coming.
As more speculative companies are going public in 2026 and 2027, Quantum computing companies have no choice but to join the event. It’s the year of science fiction IPOs and that means our share of SPACs.
IQM announced on February 23rd, 2026 that it would go public via a SPAC. The Finland Quantum startup will see a transaction that will value the company at an initial $1.8 billion valuation.
The Helsinki HQ company is an interesting one. IQM is one of the few companies globally that provides full-stack quantum systems, meaning they build everything from the quantum chips to the software interface. They also have some real revenue, about $35 million ARR in 2025.
That means they have some decent partnerships too such as: Strong commercial integrations with high-performance computing and enterprise platforms across the quantum/AI value chain such as NVIDIA, Hewlett Packard Enterprise, AWS, Toyo Corporation and Bechtle AG.
Europe’s strength in Quantum computing will be tested by the market. IQM Quantum Computers (often just called IQM) is a leading quantum computing company specializing in building full-stack superconducting quantum computers.
This article is a stub mostly about the breaking news.
BOOM. Europe produces its first publicly traded quantum champion.
Who knew it would be from Finland. 🇫🇮
