Bending spoons get ready to the debut on the Nasdaq Targeting a price range of $26 to $28 per share, with the issuance of approximately 34,3 million new shares and a valuation of around $17 to $18 billion. The data emerge from the updated IPO prospectus filed last night. Approximately 23,5 million existing shares, sold by Bending Spoons' current shareholder funds, will also be offered. The new listing would represent one of the largest IPOs of a European company this year and a rare listing for a major software company. The company is targeting a Nasdaq Global Select Market listing in early July under the ticker symbol "BSP."
According to the price range communicated, the Italian big tech company led by CEO Luca Ferrari – co-founder together with Luca Querella, Francesco Patarnello and Matteo Danieli – should raise between $900 million and $960 million, while shareholders who sell their shares are expected to collect between 610 and 660 million. Furthermore, there are plans Greenshoe options for another 8,6 million shares, of which 5,2 million are new shares and 3,4 million are existing shares. If all of them were redeemed, Bending Spoons would raise another approximately 140 million and its shareholders approximately 90 million. In total, therefore, the Italian big tech company could raise up to 1,1 billion and the remaining partners up to $750 million. Goldman Sachs Group, JPMorgan Chase, and Allen & Co. are leading the operation.
IPOs on Wall Street have picked up steam again this year
The deal comes at a time when the U.S. IPO market has regained momentum after a prolonged slowdown, particularly in the high-profile technology sector. The debut of SpaceX record-breaking earlier this month, the largest IPO ever recorded, followed the listing of Cerebras Systems earlier this year. Companies have raised a total of $150 billion through 179 initial public offerings (IPOs) in the United States this year, the best start to a year since 2021, according to Dealogic data.
The quotation of Bending spoons It would also test investors' interest in the software company, a sector that has produced relatively few large IPOs in recent years, as artificial intelligence is reshaping business models and intensifying competition.
Founded in 2013, Bending Spoons acquires and operates digital companies. Its wallet includes the Vimeo video platform and the file sharing service WeTransferThis year it also acquired the internet brand aol and the ticket marketplace EventbriteAccording to a document filed with the SEC earlier this month, the company recorded a Net income of $27,5 million on a turnover of $601 million for the three months ended March 31, compared to a net loss of $112,2 million on revenue of $259 million in the same period the previous year. The company raised $710 million in a financing round at the end of 2025 that valued the company at $11 billion pre-investment, the Italian technology group said last year.
After the IPO the control will remain firmly in the hands of the four founders, They will not sell any shares as part of the transaction and will retain ownership of approximately 48% of the capital. This threshold, thanks to the five votes per share granted to the A-type shares controlled by Ferrari, Danieli, Patarnello, and Querella, will allow them to retain approximately 82% of the voting rights, reports Milan Finance. Bending Spoons' new valuation also nearly doubles the value of their holdings, which will each be worth between $2 billion and $2,3 billion depending on the IPO price.
The funds that pass to the cashier
After the IPO, almost all the significant shareholders opted to sell part of their shareholdings, including the Italians. According to the information contained in the prospectus, Drums Investment Partners will sell up to 2 million shares, with proceeds of between 52 and 56 million dollars. Giovanni Tamburi, through Startip, will retain control of over 15 million shares, for a value of between 410 and 450 million dollars. The sale of Renaissance Partners, which will sell up to approximately a third of its stake, collecting between €290 and €315 million, and will retain a stake worth €580-630 million.
Significant sale also for Baillie Gifford, which will collect a maximum of between 180 and 200 million dollars from the IPO, while retaining control over an equal share worth between 940 million and 1 billion dollars. They are also cashing in Highland Europe – up to approximately 70 million – and Tiger Iron – a maximum of approximately 16 million –. Durable Capital and Cox Investments, however, are not selling any shares in the IPO, retaining control of stakes worth up to 550 million and 760 million, respectively.
