The stock reached $40.64 by Wednesday afternoon, reflecting a robust start for the Milan-based company. Founded by four college friends, Bending Spoons has aggressively expanded its footprint through high-profile acquisitions, including Eventbrite, Vimeo, and AOL, the latter purchased from Apollo Global Management last year.
In section Market Quotes
Bending Spoons Surges 40% in Nasdaq Market Debut
A 40% gain greeted Bending Spoons on Wednesday as the Italian technology firm opened its first session on the Nasdaq. Priced at $29 per share, the company’s initial public offering successfully raised $1.68 billion, signaling strong investor appetite for the software conglomerate’s portfolio of digital brands.
This listing arrives during a dense period for the IPO market. Following the massive SpaceX offering last month, the tech sector remains in flux as industry giants like Anthropic and OpenAI prepare their own public filings. Other major players, including Inspire Brands, are expected to move forward with exchange debuts before the year concludes.
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