IQM Quantum Computers has begun trading on the Nasdaq under a new ticker following its merger with Real Asset Acquisition, a special purpose acquisition company (SPAC).
The Finnish quantum computing firm’s shares rose sharply in their debut session, capitalizing on investor enthusiasm for the emerging technology sector and a positive backdrop in US equities.
The listing marks a significant milestone for IQM, providing the company with greater visibility and access to US capital markets.
The SPAC structure allowed the firm to bypass the traditional initial public offering process, merging with a publicly listed shell company to achieve its market debut.
Trading commenced Thursday, with shares moving higher as buyers stepped in during the opening hours.
The debut comes as US stock markets extended a broad-based rally, with major indices pushing toward record territory.