Finnish unicorn IQM today announced plans to go public via a special purpose acquisition company (SPAC), valuing the company at approximately $1.8 billion. The move will see IQM join the growing cohort of quantum computing companies listed on U.S. stock markets.
Founded in 2018 as a spinout from Finland’s Aalto University and VTT Technical Research, IQM commercializes both on-premises full-stack quantum computers and a cloud platform to access its systems, with clients including academic and industrial labs around th
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