Following in Nokia's Footsteps: Finland's IQM Quantum Computers Has Secured a Dual Listing

The Finnish company IQM Quantum Computers went public and listed on the Nasdaq in the U.S. on July 2, followed by a listing on Nasdaq Helsinki on July 3. The company announced this itself.

IQM went public in two stages. First, the Finnish company began trading its depositary shares on the U.S. Nasdaq exchange under the ticker symbol IQMX. The IPO took place following the completion of a merger with the U.S. SPAC Real Asset Acquisition Corp. (RAAQ). The deal itself was announced in February 2026, with IQM valued at approximately $1.8 billion.

Under the terms of the transaction, RAAQ shareholders received American Depositary Shares, each of which represents one IQM share.

At the same time, IQM filed an application to have its common shares listed on Nasdaq Helsinki. According to the exchange, 262,462,360 of the company’s shares were admitted to trading.

The company's shares on the U.S. Nasdaq were trading at approximately $13 per share at the end of the first day of trading—a rise of just over 2% from the opening price.

IQM is the first European quantum company to go public on a U.S. stock exchange, and in fact the second Finnish company to be listed simultaneously in Helsinki and the U.S. Prior to this, only the telecommunications company Nokia and Stora Enso had dual listings in Helsinki and the United States.

Shares of Nokia, known for its cell phones, have been traded on Nasdaq Helsinki since 1915. In 1994, the company listed its depositary receipts on the New York Stock Exchange.

The company even had a third listing—on the Paris Stock Exchange. But in November 2025, the company delisted due to low liquidity of its securities.

Stora Enso delisted from the NYSE in 2007.

This article was AI-translated and verified by a human editor