IQM, Europe’s first public quantum company, admits that the future of the technology is uncertain0

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• July 3, 2026

IQM, a full-stack quantum company from Finland, went public on the Nasdaq on Thursday via a SPAC merger at a valuation of around $1.9 billion. But stock prices did not rise. They spent most of the day below the IPO price – a lukewarm welcome. SPAC mergers don’t tend to be immediately popular with retail