Updated
Updated · Bloomberg · Jun 22
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.

Insights

Can Bending Spoons' AI playbook justify a $20B valuation when its own portfolio is vulnerable to AI disruption?
Is Bending Spoons a tech innovator or a private equity firm building a house of cards on software debt?