Bending Spoons Seeks $1.62 Billion IPO by Marketing 58 Million Shares
Updated
Updated · Bloomberg · Jun 22
Bending Spoons Seeks $1.62 Billion IPO by Marketing 58 Million Shares
3 articles · Updated · Bloomberg · Jun 22
Summary
$1.62 billion is the maximum Bending Spoons and selling shareholders aim to raise in a U.S. IPO, according to a Monday SEC filing.
58 million shares are being marketed at $26 to $28 each, implying the deal could rank among the larger software listings this year.
34.4 million shares will be sold by the Milan-based company itself, while Galileo Quattordici and Baillie Gifford are offering the remaining 23.6 million.
Bending Spoons, parent of Vimeo, has built its business by acquiring struggling software companies, making the IPO a test of investor appetite for that consolidation strategy.