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Quantum Computing Firm IQM Falls After Going Public Via SPAC

Quantum Computing Firm IQM Falls After Going Public Via SPAC
Bloomberg Technology Thursday 02 July 2026, 14:58 UTC By Mark Bergen 1 min read
Key Points

Quantum Computing Firm IQM Falls After Going Public Via SPAC IQM shares slipped in their first day of trading after the Finnish quantum computer producer went public in New York via a merger with a black-check firm. IQM shares fell 3.4% to $12.97 in its debut following a merger with a special-purpose acquisition company, which had jumped 24% to $13.42 on Wednesday.

Quantum Computing Firm IQM Falls After Going Public Via SPAC IQM shares slipped in their first day of trading after the Finnish quantum computer producer went public in New York via a merger with a black-check firm. IQM shares fell 3.4% to $12.97 in its debut following a merger with a special-purpose acquisition company, which had jumped 24% to $13.42 on Wednesday. IQM raised $234 million in the deal through the SPAC merger and a private investment in public equity, or PIPE. [Image text:] QMI We build quantum computers
Quantum Computing Firm IQM Falls (ORG) SPAC Quantum Computing (ORG) Finnish (ORG) New York (LOCATION) SPAC (ORG) PIPE (ORG)
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