IPO

IQM Quantum Computers shares climbed 21.3% to €18.20 in early trading on Nasdaq Helsinki today, extending momentum after the Finnish quantum computing company began trading in the US a day earlier.

The company's American depositary shares closed their first session on Nasdaq at USD 13.03, up 2.1% from the previous close, before easing to USD 12.90 in after-hours trading. The US listing became effective on July 2 under the ticker IQMX, marking the company's arrival on public markets through a dual listing in Helsinki and New York.

The strong opening in Helsinki suggests investors are placing a premium on direct access to Europe's first publicly traded pure-play quantum computing company. Trading volume reached roughly €6.3 million during the morning session, with the stock touching an intraday high of €19.00.

Finnish quantum computing company IQM Quantum Computers has taken the final step toward becoming a publicly listed company by applying to list its shares on Nasdaq Helsinki. Trading is expected to begin on July 3 under the ticker IQMX.

The Helsinki debut follows IQM's merger with Nasdaq-listed special purpose acquisition company Real Asset Acquisition Corp., according to IQM’s press release. Trading in American depositary shares representing IQM stock is expected to begin on the Nasdaq Stock Market in New York on July 2, giving the company a dual listing in the US and Finland.

The listing gives Nordic investors direct exposure to one of Europe's most advanced quantum hardware companies at a time when investment in quantum technologies continues to accelerate.

Unlike a traditional IPO, the transaction does not include a new public share offering. Instead, IQM is entering the public markets by merging with an already listed SPAC, allowing it to complete its listing using capital previously raised from private investors.

Investors gave Savox a positive reception on its first day of trading, pushing the defense communications company's shares above their IPO price following a heavily oversubscribed offering.

Savox shares opened at €10.90 on Nasdaq Helsinki's Prelist market today, 1.7 percent above the final subscription price of €10.72. By 10:24 a.m., the stock had traded between €10.75 and €11.06, giving the company an intraday market value of as much as €196 million. At the time of writing, shares were trading at around €10.85, with volume exceeding two million shares and turnover reaching €21.6 million.

The market debut follows strong demand for Savox's IPO. The company announced yesterday that both its share offering and secondary share sale had been multiple times oversubscribed.

Reaktor's IPO attracted far more demand than available shares, prompting the company to close its public offering early. According to Kauppalehti, the retail tranche was multiple times oversubscribed, underscoring investor appetite for one of Finland's most closely watched technology listings in recent years.

The response validates a story Reaktor began telling when it unveiled its listing plans in May. As Listeds reported at the time, the company is positioning itself as more than a traditional IT consultancy, highlighting growth opportunities in AI, defense software, and international expansion. The IPO is expected to raise roughly €20 million in new capital to support those ambitions.

Investor demand was helped by strong institutional backing. Anchor investors including Ilmarinen, Mariatorp, the Herlin family's investment company, WIP Asset Management, and funds managed by Danske Bank, Aktia, and SP committed around €45 million before the offering closed.

The IPO is also creating a new group of Reaktor millionaires. Existing shareholders are selling shares worth a combined €34.6 million, according to Kauppalehti. Among the biggest beneficiaries are founders and major shareholders including Hannu Terävä. Chief Executive Pekka Horo is selling less than €1 million worth of shares but will retain shares valued at more than €2.5 million. Most founders will remain significant shareholders after the listing.