New Delhi, July 3 -- HELSINKI - The company that installed America's first quantum computer at Oak Ridge National Laboratory just told investors, in its own prospectus, that it cannot promise the technology will ever find large-scale commercial use.

That is the unvarnished framing of IQM Quantum Computers' debut on Nasdaq, which made the Finnish company Europe's first publicly traded quantum computing business on Thursday. The listing closed a SPAC merger that raised roughly 198 million euros, or about $226 million, and set IQM's market value at $1.9 billion, TechCrunch reported.

The admission in IQM's own filings sits in tension with the momentum around it. The company's customer base grew from eight to 22 in a single year. The United ...