The Digital Junk Dealer That Made a Crazy Nasdaq Debut With a $40 Trillion Market Cap

Oh Chan-jong’s Daily New York: Bending Spoons Edition Bending Spoons, which debuted on the U.S. Nasdaq Stock Market on the 1st local time There are brands that once dominated the internet but were pushed aside by Big Tech and faded into memory. They include AOL Inc. (AOL), the iconic name of early web surfing, Evernote, the must-have note-taking app for workers around the world, and Vimeo, the video platform that was once a playground for creators. One company has gathered up these aging apps, which were dismissed as relics and left to die, like a junk dealer collecting scrap. Then, this week, it appeared on Nasdaq and stunned the market by instantly creating a massive jackpot worth 39 trillion won. That company is Bending Spoons, a distinctive software portfolio firm from Milan, Italy. ◆A record-setting Nasdaq debut after a failed startup comeback Bending Spoons made its Nasdaq debut on July 1 local time, and its stock surged from the first day of trading. Starting at the IPO price of $29 per share, the stock jumped 39.7% on day one alone and closed at $40.50. The market reaction far exceeded expectations. The stock easily topped the expected IPO range of $26
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