Prime Highlights :
- Bending Spoons prices its IPO above range, raising $1.68 billion and valuing the company at $18.4 billion.
- The company has grown through more than 50 acquisitions, including Vimeo, AOL, Brightcove and Eventbrite.
Key Facts :
- Bending Spoons sold 58 million shares at $29 each, above the marketed range of $26 to $28.
- The company has identified over 1,000 digital businesses as potential future acquisition targets.
Background :
Bending Spoons, the Italian technology company that owns Vimeo, is set to make its US market debut after pricing its initial public offering above its expected range to raise $1.68 billion.
The listing will test how investors view software companies after the sector took a hit earlier this year over concerns that AI could upend established business models.
Software companies have largely stayed off the US IPO market through 2026, even as a steady run of large deals and SpaceX’s blockbuster listing pushed second-quarter proceeds past $100 billion.
Matt Kennedy, senior strategist at Renaissance Capital, said the listing would serve as a data point for the software industry, though he noted Bending Spoons carries a very different profile compared with most software IPOs currently in the pipeline.
Bending Spoons follows a model that blends private equity with tech operations, buying and reworking digital businesses through staff cuts and technology overhauls.
Since 2025, its acquisitions have included Brightcove, Vimeo, AOL and Eventbrite. The Milan-based company and its selling shareholders sold 58 million shares at $29 each, above the marketed range of $26 to $28, valuing the company at $18.4 billion.
Founded in 2013 from the remains of the failed diary app Evertale, Bending Spoons was started by CEO Luca Ferrari and his co-founders with $40,000 left after Evertale’s liquidation.
The company has since grown through more than 50 acquisitions and has identified over 1,000 digital businesses as potential future targets, according to its IPO prospectus.
Kennedy said the company had built a coherent narrative around its acquisition strategy, though he would have liked a longer track record to assess it fully.