Italian software company Bending Spoons completed its Nasdaq IPO at $29 per share, raising $1.68 billion for the company and selling shareholders — pricing above its initial marketed range. The Milan-based firm has built its portfolio through acquisitions of well-known digital brands including Vimeo, AOL, and WeTransfer. The above-range pricing signals strong institutional demand for a European tech operator making its U.S. market debut.
An above-range IPO pricing suggests institutional investors were willing to pay a premium, which often supports early secondary-market trading momentum. For investors watching the IPO pipeline, this is a data point that appetite for software and digital-media assets remains alive in 2025 despite a choppy new-issue market. Vimeo's parent listing on Nasdaq also gives public-market exposure to a portfolio of legacy internet brands being repositioned under a disciplined, acquisition-driven operator.
First day of Nasdaq trading for Bending Spoons (SPNS): watch opening print vs. $29 IPO price. Next major test: first post-IPO quarterly earnings report, timing TBD.
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