IQM lists on Nasdaq: Europe's first public quantum firm

This article was published on July 3, 2026 IQM, the Finnish maker of full-stack quantum computers, started trading on Nasdaq this week, the first European quantum company on a major US exchange. It kept its base in Helsinki and its €337M war chest, but a soft debut and a blunt line in its own prospectus show how much about quantum is still unproven. Europe just put its first quantum computing company on a major American stock exchange. And it did so without leaving home. IQM, a Finnish maker of quantum machines, started trading on Nasdaq this week. The debut was equal parts landmark and reality check. IQM began trading on the Nasdaq Global Select Market on 2 July under the ticker “IQMX,” the company confirmed. It reached the market not through a traditional IPO but by merging with a US shell company. It walks away with a pro forma cash pile of €337 million. The milestone is real. IQM is the first European quantum firm to list on a major US exchange. It says it has sold 23 full-stack quantum computers worldwide, more than any rival. Buyers include Italy’s CINECA, Germany’s Leibniz Supercomputing Centre and the US Department of Energy’s Oak Ridge National Laboratory. The more unusual