Borenius is advising IQM on its business combination with Real Asset Acquisition Corp.

We advise IQM, an Espoo, Finland-headquartered, globally leading quantum computing company, on its business combination with Real Asset Acquisition Corp., private placement and listing of American Depositary Shares on a major U.S. stock exchange.

The business combination values IQM at a pre-money equity valuation of approximately USD 1.8 billion and makes IQM the first European quantum company to go public. IQM is also considering dual listing on the Helsinki stock exchange, which is expected to take place following the completion of the transaction.

The transaction provides funding with the aim to accelerate IQM’s technology and commercial development towards fault-tolerant quantum computing, further advancing its position as a leading provider of quantum computers.