Espoo-based quantum computing company IQM Quantum Computers has become publicly traded, raising €127 million ($146 million) in PIPE financing as part of its move onto the public markets in both the U.S. and Finland. The PIPE financing, a private investment arranged alongside the listing, included participation from Tesi. Additional shareholders at listing include Ilmarinen, Elo, and Varma. “Quantum computing is reaching an inflection point. Around the world, organisations are moving from exploration to implementation, investing in quantum infrastructure and building the capabilities that will define the next generation of computing,” says Jan Goetz, CEO and co-founder of IQM Quantum Computers. “IQM enters the public markets from a position of strength, with leading technology, a growing global customer base, and a clear strategy for scaling the commercial adoption of quantum computing. We are excited to begin this next chapter as a public company.” The former scale-up was founded in 2018 and spun out from Aalto University as a DeepTech company focused on superconducting quantum computers. The company delivers full-stack quantum systems and cloud platform access to enterprises, research institutions, universities, high-performance computing centres, and national laboratories. It also has major operations in Munich and employs more than 400 people across Europe, Asia, and North America. Along with the expansion to the US, trading in IQM’s shares also began today on the Helsinki Stock Exchange, allegedly making the company the first quantum technology company in Europe to go public and the first company to be dual-listed on both the Helsinki Stock Exchange and in the United States. According to the company, the transaction leaves IQM with a pro forma cash position of €337 million. Tesi, also known as Finnish Industry Investment Ltd, has been an investor in and active owner of IQM since 2019 and will continue as an owner following the