Bending Spoons prices IPO above range to raise $1.68 billion

Corporate Action
โดย Reuters·Read original
Summary · why it matters

Bending Spoons is set for its U.S. market debut later on Wednesday after the Italian technology company priced its initial public offering above the range to raise $1.68 billion. The Milan-based company and selling shareholders sold 58 million shares at $29 apiece, above the marketed range of $26 to $28, valuing Bending Spoons at $18.4 billion. The listing will test investor appetite for software companies after the industry was hammered earlier this year over fears that AI could disrupt established business models. Bending Spoons' playbook focuses on buying and revamping digital businesses by cutting staff and overhauling technology, with acquisitions since 2025 including streaming platform Brightcove, video platform Vimeo, internet brand AOL and ticketing marketplace Eventbrite.

Impact on stocks 1

Off-coverage companies 5

Bending SpoonsPrivate▲ Positive
Capitalrelevance

IPO priced above range, raising $1.68B and valuing company at $18.4B, indicating strong investor demand.

BrightcovePrivate▼ Negative
Capitalrelevance

Bending Spoons, which acquired Brightcove, is pricing IPO above range, indicating potential value extraction or restructuring that may not benefit Brightcove's standalone prospects.

AOLPrivate± Mixed
relevance

EventbritePrivate± Mixed
relevance

VimeoPrivate± Mixed
relevance