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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move that marks a significant milestone for the European tech sector, IQM Quantum Computers has become the first European quantum computing specialist to list on a major US exchange. The company's American Depositary Shares began trading under the ticker IQMX on the Nasdaq Global Select Market. The listing followed the completion of a merger with the SPAC Real Asset Acquisition Corp (RAAQ).
This listing occurs amidst intensifying competition in the quantum sector, as IQM seeks to compete with US-listed peers such as IonQ and Rigetti Computing. Per market data, quantum computing firms that utilized the SPAC route have historically faced high price volatility, but IQM aims to leverage its leadership in the European market to bolster international investor confidence.
As of the close on July 2, 2026, investors are closely monitoring IQMX price action to establish initial support levels. Looking ahead, market participants are eyeing the Chinese Manufacturing PMI on June 30 for broader risk-on sentiment, alongside ECB President Lagarde's speech on June 29, which may provide insights into the European liquidity environment.