Italian Tech Powerhouse, Bending Spoons, Skyrockets by 42% in Nasdaq Introduction
Milan-based Bending Spoons S.p.A. (NASDAQ: BSP) made a spectacular entrance on Wall Street on July 1, 2026. Its shares surged by a whopping 42% during their first trading session on the Nasdaq Global Select Market. The company priced its IPO at $29 per share, exceeding the originally marketed range of $26–$28. This move raised $1.68 billion, achieving a valuation of approximately $18.4 billion.
Established in 2013, Bending Spoons operates as a technology acquirer and optimizer. It has a knack for snapping up well-known but underperforming digital brands and turning them profitable. Its portfolio includes household names such as AOL, Vimeo, WeTransfer, Evernote, Eventbrite, and Remini. These brands serve over 500 million monthly active users and more than 9 million paying subscribers. The company reported explosive revenue growth, jumping from $387 million in 2023 to $1.31 billion in 2025. This represents a compound annual growth rate of approximately 84%.
The IPO is one of the largest European tech listings of 2026 and a landmark moment for Italian technology. Lead underwriters included Goldman Sachs, J.P. Morgan, and Allen & Company. The company’s AI-driven operating model — with 90% of software changes now generated or co-generated by AI systems — has dramatically boosted efficiency. This has enabled revenue per employee to exceed $2.6 million.
Source: The Next Web – Bending Spoons prices IPO above range to raise $1.68bn ahead of Nasdaq debut