Bending Spoons prices IPO above expected range

Italy-based software company Bending Spoons priced its US initial public offering (IPO) at $29 per share, above its expected range of $26 to $28, raising about $1.68 billion. 

The offering values the company at about $18.4 billion, up sharply from its $11 billion valuation in 2025. Shares are set to begin trading on the Nasdaq Global Select Market on Wednesday under the ticker BSP.

Unlike many software firms, Bending Spoons focuses on buying established digital brands and improving their performance. Its portfolio includes AOL, Eventbrite, Evernote, Vimeo, WeTransfer, and Meetup, serving more than 500 million monthly active users.

The company posted strong financial growth. First-quarter revenue jumped to $601.3 million from $258.9 million a year earlier, while it reported a $27.5 million profit after a $112.2 million loss in the same period last year. Subscription services generated 93% of their revenue last year.

The successful IPO signals renewed confidence in the US public markets after a long slowdown, even as software companies face growing disruption from AI.

Goldman Sachs, JPMorgan Chase, and Allen & Co led the IPO.