Bending Spoons prices its Nasdaq IPO above range as Wall Street bets on AI-powered …

The Milan-based acquirer behind AOL, Evernote, Vimeo, and WeTransfer is set to debut on the Nasdaq under ticker BSP after pricing its IPO above its marketed $26 to $28 range, targeting a valuation of roughly $19 billion. The numbers Bending Spoons brought to Wall Street are not easy to dismiss. Revenue hit $1.31 billion in 2025, up 95% year over year. Q1 2026 came in at $601 million, more than double the $259 million it posted in the same quarter a year earlier. The company swung from a $112 million net loss to $27.5 million in net profit in a single year. Revenue per full-time employee more than doubled to $2.6 million. Goldman Sachs, JPMorgan, and Allen and Company are running the books. Demand for shares came in at multiples of the offer, and the company priced above range. If you’re looking for a deal that Wall Street is clearly excited about, this is it. But the question worth asking before the opening bell Wednesday is whether any of this is actually new, or whether Bending Spoons has built a genuinely defensible business model, or is simply the best-run version of a very old trade. CEO Luca Ferrari calls the
Read More