Bending Spoons Shares Surge 7% on Nasdaq Debut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: stocktwits
- Strong IPO Performance: Bending Spoons raised $1.68 billion in its Nasdaq debut, with shares surging 7% to $32, exceeding the $29 offer price, reflecting robust investor confidence in the company's prospects.
- Oversubscribed Pricing: The company priced approximately 58 million shares at $29 each, above the previously indicated range of $26 to $28, indicating strong demand and optimism about future growth potential.
- Impressive Financials: Bending Spoons reported $1.31 billion in revenue for 2025 with a net loss of $137 million, while Q1 2023 revenue soared 132% year-on-year to $601.3 million, achieving a net profit of $27.5 million, showcasing a strong business recovery.
- Future Acquisition Plans: The company intends to use IPO proceeds for new acquisitions, having identified over 1,000 potential targets with an estimated aggregate annual revenue of nearly $400 billion by 2025, demonstrating its ambitious expansion strategy.
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About BSP
Bending Spoons SpA is an Italy-based company specialized in digital applications. The Company's activity is focused on acquiring, operating and improving digital products, leveraging Artificial Intelligence (AI) and data technologies. Its portfolio includes range of digital platforms, such as Vimeo, a video hosting and sharing platform for creators and businesses; Evernote, a personal productivity app; Remini, an AI powered photo enhancement and generation app; WeTransfer, a file-sharing service; Eventbrite, a tool for creating, managing and selling event tickets; StreamYard, used for live streaming and recording webinars; Meetup, a platform that allows users to organize and join local events and communities based on shared interests, Komoot, AOL, and Brightcove among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Three Major IPOs and Four SPACs Priced This Week
- Bending Spoons IPO: Italy-based tech firm Bending Spoons priced above expectations to raise $1.7 billion, achieving a market cap of $19.5 billion, having completed over 50 acquisitions, which is expected to further drive earnings growth and market expansion.
- ITG's Underperformance: Engineering firm ITG raised $312 million below expectations at a $1.9 billion market cap, and despite stable demand for its infrastructure services, its stock fell 3% this week, indicating market concerns about future growth.
- Lime's Market Share: E-scooter rental platform Lime priced at the midpoint to raise $174 million, with an $1.8 billion market cap, serving 19 million users in 2025 and holding a 27% market share, demonstrating its leadership in the shared micromobility market.
- New IPO Filings: Eleven companies submitted IPO filings this week, including Cumberland Farms and Jersey Mike's, each expected to raise $1 billion, reflecting strong demand for emerging businesses and a recovery in investor confidence.
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Bending Spoons Closes IPO, Raising Nearly $1 Billion
- Successful IPO: Bending Spoons successfully listed on Nasdaq, issuing 57,971,015 ordinary shares at an IPO price of $29 per share, raising approximately $953.9 million, demonstrating strong market confidence in its business model.
- Shareholder Structure: In this offering, Bending Spoons sold 34,398,640 shares while 23,572,375 shares were sold by other shareholders, indicating success in attracting external investors while providing liquidity for existing shareholders.
- Strong Underwriter Lineup: Goldman Sachs, J.P. Morgan, and Allen & Company acted as joint lead underwriters, ensuring the smooth execution of the fundraising, reflecting market recognition of Bending Spoons' future growth potential.
- Market Performance Expectations: Bending Spoons' ordinary shares began trading on July 1, 2026, on Nasdaq, which is expected to attract more investor attention and further drive the company's expansion and profitability in the digital business sector.
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- Asia-Pacific Market Reaction: The South Korean Kospi index dropped over 7% on Thursday, with SK Hynix and Samsung Electronics down 14.5% and 9% respectively, reflecting global market concerns about the semiconductor industry's outlook, potentially impacting earnings expectations for related companies.
- Amazon's Chip Strategy: Amazon is designing its own chips for key consumer devices, which is expected to enhance product competitiveness, particularly in the smart home market, further solidifying its leadership position in the tech sector.
- Bending Spoons IPO Performance: Italian tech company Bending Spoons debuted with an initial valuation of over $18 billion, closing with a 40% increase, demonstrating strong market interest in emerging tech companies and potentially attracting more investors to the sector.
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- Bending Spoons IPO Performance: Shares of Italian tech firm Bending Spoons dropped 7% following its public debut on Wednesday, despite a nearly 40% surge on its first day, indicating investor profit-taking and concerns over future performance in a volatile market.
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Bending Spoons Trades Above IPO Price After Nasdaq Debut
- First Day Trading Performance: Bending Spoons reached a high of $33.14 on its Nasdaq debut, representing a 14.7% increase from its IPO price of $29.00, indicating strong market enthusiasm for its digital brand roll-up strategy.
- Stock Circulation Details: The IPO consists of 57.97 million ordinary shares, with certain selling shareholders offering an additional 23.57 million shares; although the company will not receive proceeds from the secondary sale, this reflects robust demand for its stock.
- Underwriter Option: The company and selling shareholders have granted underwriters a 30-day option to purchase up to an additional 8.70 million shares at the public offering price, enhancing market liquidity and investor confidence.
- Business Model Overview: Founded in 2013, Bending Spoons follows a digital brand roll-up model, reviving underperforming yet well-known software and app businesses through product optimization, subscription monetization, and extensive use of AI and data science, owning brands like Vimeo, WeTransfer, and Evernote.
See More
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- Bending Spoons IPO: Italy-based tech firm Bending Spoons priced above expectations to raise $1.7 billion, achieving a market cap of $19.5 billion, having completed over 50 acquisitions, which is expected to further drive earnings growth and market expansion.
- ITG's Underperformance: Engineering firm ITG raised $312 million below expectations at a $1.9 billion market cap, and despite stable demand for its infrastructure services, its stock fell 3% this week, indicating market concerns about future growth.
- Lime's Market Share: E-scooter rental platform Lime priced at the midpoint to raise $174 million, with an $1.8 billion market cap, serving 19 million users in 2025 and holding a 27% market share, demonstrating its leadership in the shared micromobility market.
- New IPO Filings: Eleven companies submitted IPO filings this week, including Cumberland Farms and Jersey Mike's, each expected to raise $1 billion, reflecting strong demand for emerging businesses and a recovery in investor confidence.
See More
Bending Spoons Closes IPO, Raising Nearly $1 Billion
- Successful IPO: Bending Spoons successfully listed on Nasdaq, issuing 57,971,015 ordinary shares at an IPO price of $29 per share, raising approximately $953.9 million, demonstrating strong market confidence in its business model.
- Shareholder Structure: In this offering, Bending Spoons sold 34,398,640 shares while 23,572,375 shares were sold by other shareholders, indicating success in attracting external investors while providing liquidity for existing shareholders.
- Strong Underwriter Lineup: Goldman Sachs, J.P. Morgan, and Allen & Company acted as joint lead underwriters, ensuring the smooth execution of the fundraising, reflecting market recognition of Bending Spoons' future growth potential.
- Market Performance Expectations: Bending Spoons' ordinary shares began trading on July 1, 2026, on Nasdaq, which is expected to attract more investor attention and further drive the company's expansion and profitability in the digital business sector.
See More
Healthcare Stocks Surge Following CMS Payment Rate Proposal
- Healthcare Stocks Surge: Following the CMS proposal to increase payment rates by 2.4% for hospitals and ambulatory surgical centers, shares of Universal Health Services rose 7% and HCA Healthcare increased by 5%, reflecting market optimism towards the healthcare sector.
- Rivian's Delivery Outlook Raised: Rivian Automotive raised its 2026 delivery outlook from 62,000-67,000 to 65,000-70,000, resulting in an 8% stock price increase, indicating strong market confidence in its future growth potential.
- Blue Owl Capital Redemption Pressure Eases: Blue Owl Capital's stock jumped over 4% as a shareholder letter revealed that redemption requests for its private credit funds decreased to $4.7 billion in Q2 from $5.4 billion in Q1, suggesting improved market confidence in its liquidity.
- National Beverage's Special Cash Dividend: National Beverage Corp. announced a special cash dividend of $3.25 per share, leading to a 13% stock price increase, which not only enhances investor returns but may also attract more attention from potential investors.
See More
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- Chip Market Decline: The Philadelphia Semiconductor Index fell by 6.3%, leading Nasdaq futures to drop another 0.5% in early trading, indicating significant pressure on tech stocks due to weakness in the chip sector, which may undermine investor confidence in future growth.
- Asia-Pacific Market Reaction: The South Korean Kospi index dropped over 7% on Thursday, with SK Hynix and Samsung Electronics down 14.5% and 9% respectively, reflecting global market concerns about the semiconductor industry's outlook, potentially impacting earnings expectations for related companies.
- Amazon's Chip Strategy: Amazon is designing its own chips for key consumer devices, which is expected to enhance product competitiveness, particularly in the smart home market, further solidifying its leadership position in the tech sector.
- Bending Spoons IPO Performance: Italian tech company Bending Spoons debuted with an initial valuation of over $18 billion, closing with a 40% increase, demonstrating strong market interest in emerging tech companies and potentially attracting more investors to the sector.
See More
Google Faces €4.1 Billion Antitrust Fine in Europe
- Google Antitrust Case: Alphabet's stock fell 1% after its subsidiary lost a European antitrust case, with a court upholding a €4.1 billion ($4.67 billion) fine stemming from a 2018 European Commission ruling, highlighting regulatory scrutiny on tech giants.
- Bending Spoons IPO Performance: Shares of Italian tech firm Bending Spoons dropped 7% following its public debut on Wednesday, despite a nearly 40% surge on its first day, indicating investor profit-taking and concerns over future performance in a volatile market.
- AeroVironment Contract Win: AeroVironment's stock rose 4% after securing a $500 million contract with the U.S. Army to develop counter-drone capabilities, showcasing strong demand and growth opportunities in the defense sector.
- Robinhood Analyst Upgrade: Robinhood's shares increased in premarket trading, partly due to Mizuho raising its price target to $130, with analysts suggesting the company could become the
See More
Bending Spoons Trades Above IPO Price After Nasdaq Debut
- First Day Trading Performance: Bending Spoons reached a high of $33.14 on its Nasdaq debut, representing a 14.7% increase from its IPO price of $29.00, indicating strong market enthusiasm for its digital brand roll-up strategy.
- Stock Circulation Details: The IPO consists of 57.97 million ordinary shares, with certain selling shareholders offering an additional 23.57 million shares; although the company will not receive proceeds from the secondary sale, this reflects robust demand for its stock.
- Underwriter Option: The company and selling shareholders have granted underwriters a 30-day option to purchase up to an additional 8.70 million shares at the public offering price, enhancing market liquidity and investor confidence.
- Business Model Overview: Founded in 2013, Bending Spoons follows a digital brand roll-up model, reviving underperforming yet well-known software and app businesses through product optimization, subscription monetization, and extensive use of AI and data science, owning brands like Vimeo, WeTransfer, and Evernote.
See More
