Bending Spoons sets $26–$28 Nasdaq IPO range at up to $19B value

Bending Spoons, the Milan-based technology company behind consumer brands such as Vimeo, Eventbrite, Evernote, AOL and WeTransfer, has launched its initial public offering of ordinary shares on the Nasdaq Global Select Market. The company and selling shareholders are offering 57,971,015 shares, with 34,398,640 new shares issued by Bending Spoons and 23,572,375 shares sold by existing investors. The IPO price range has been set between $26.00 and $28.00 per share, implying total proceeds of up to roughly $1.62 billion if priced at the top of the range and before any exercise of the underwriters’ over-allotment option.

At the indicated range, Bending Spoons is targeting a valuation of about $17.8–$19 billion, up from a prior valuation of around $11–$14.5 billion in late 2025 funding rounds. The company has applied to list under the ticker symbol BSP on Nasdaq, positioning itself among the largest European tech listings in the U.S. in recent years. Goldman Sachs International, J.P. Morgan and Allen & Company are acting as joint lead book-running managers, joined by a broader syndicate including Wells Fargo Securities, BofA Securities, Jefferies, Evercore ISI, BNP Paribas, Mizuho, Societe Generale, Crédit Agricole CIB, IMI – Intesa Sanpaolo, UniCredit and Banca Akros as joint book-running managers. The deal structure splits proceeds between primary capital to fund further acquisitions and secondary shares offering liquidity to backers such as Baillie Gifford and Galileo Quattordici, while co-founders are expected to retain significant voting control post-IPO.

The IPO terms formalize what had previously been reported as an aspirational raise of up to $4 billion and potential valuation above $20 billion, indicating a more moderate but still substantial debut. Enterprise value estimates around $18.8 billion highlight both the scale of Bending Spoons’ roll-up strategy and investor appetite for subscription-based software and digital media assets. Pre-IPO access programs, including tokenized representations of BSP shares through partners like Kraken’s xStocks, underscore broader interest in the listing from both traditional and crypto-aligned investors. With more than 50 products and roughly 500 million monthly users across its portfolio, the offering is set to test public markets’ willingness to back acquisitive European tech platforms at near-$20-billion valuations.