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Bending Spoons IPO surges 40% on Nasdaq debut, giving Milan-based acquirer $25.7B market cap
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Bending Spoons IPO surges 40% on Nasdaq debut, giving Milan-based acquirer $25.7B market cap
The Milan-based tech conglomerate, known for acquiring AOL, Vimeo, and Evernote, saw its shares close 40% above the IPO price on its first trading day.
- Bending Spoons went public on the Nasdaq on July 1, 2026, with shares closing at $40.50, a 40% increase from the $29 IPO price, giving it a market capitalization of $25.7 billion.
- The company raised $1.68 billion in its initial public offering and reported $601 million in revenue and $27.4 million in net income for the first quarter of 2026.
- Co-founder Matteo Danieli said customer retention across its acquired products has been "remarkably stable" despite price increases and layoffs.
- As of March 2026, Bending Spoons' portfolio served over 500 million monthly active users and 9 million paying customers, according to its SEC filing.
Coverage
3 outlets — read the original reporting
What is Bending Spoons? The little-known AOL and Vimeo owner that's now public | TechCrunch
techcrunch.com
Bending Spoons defies SaaS slump, surges 40% on first day of trading | TechCrunch
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After $18B IPO, Bending Spoons founder says success comes from minimizing luck | TechCrunch
techcrunch.com
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