IQM Secures $146 Million in Funding Ahead of IPO

IQM raises $146 million for tech and business growth before Nasdaq and Helsinki listings.

Finnish quantum company IQM and SPAC entity Real Asset Acquisition Corp. have increased their PIPE financing from $134 million to $146 million, thanks to a new commitment from Ilmarinen. The funds will be used to advance technology and commercial operations ahead of their listing on Nasdaq and the Helsinki Stock Exchange.