Bending Spoons began trading on the Nasdaq on July 1 under the ticker BSP. The company priced 58 million shares at $29 each. This pricing exceeded the initial range of $26 to $28. The offering raised approximately $1.68 billion. Shares opened at $31, reflecting strong investor interest. The IPO values the Milan-based conglomerate at roughly $18.4 billion.
Founded in 2013, Bending Spoons acquires and revitalizes underperforming digital brands. Its portfolio includes Evernote, WeTransfer, Vimeo, Eventbrite, and AOL. The company has completed over 50 acquisitions. It plans to use the IPO proceeds to fund further purchases.