IQM Quantum Computers (soon: IQMX)
IQM is one of Europe's leading quantum computing companies and is about to go public through a SPAC merger with Real Asset Acquisition Corp. (NASDAQ: RAAQ).
Key facts:
\-Transaction values IQM at approximately $1.8B pre-money
\-Nasdaq listing expected shortly after approval under ticker **IQMX**
\-PIPE financing recently increased to $146M, with support from institutional investors including Ilmarinen and previously BlackRock-backed funding commitments
\-Expected post-transaction cash position around $450M (depending on redemptions and closing conditions)
Whats so interesting about this company:
\-IQM focuses on superconducting quantum computers
\-Reported 23 quantum systems sold and 18 deployed, one of the highest publicly disclosed figures in the industry
\-Customers include research institutions, HPC centers and national labs
\-Partnerships and ecosystem relationships include NVIDIA, AWS and HPE
\-One of the few quantum companies generating meaningful commercial revenue today
Recent developments:
\-IQM is positioning itself as the first major European quantum computing company listed on Nasdaq
\-Expansion into data-center and hybrid quantum-classical computing applications is becoming a larger part of the story
\-Listed as major Player in the IDC MarketScape
\-Recently puplished milestone in quantum error correction
Whats your opinion about that company, also compared to the existing players?