Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion

Echo Wang and Elvira Pollina Tue, June 30, 2026 at 7:36 PM CDT 2 min read By Echo Wang and Elvira Pollina June 30 – Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial ‌public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a ‌rare software IPO as the sector grapples with disruption from AI. The Italian software company and its existing shareholders ​sold about 58 million shares in one of the largest IPOs by a European company this year. The shares were marketed between $26 and $28 apiece. The company was valued at $11 billion in its last funding round in 2025. The deal comes as the U.S. market for initial public offerings ‌has regained momentum after a prolonged ⁠slowdown. SpaceX.O blockbuster debut earlier this month, the largest IPO on record, followed Cerebras Systems listing earlier this year, reflecting a pickup in ⁠activity among high-profile technology offerings. Bending Spoons, whose name was inspired by a scene in the science-fiction film The Matrix, has emerged as one of Europe’s most prominent technology companies, pursuing a ​strategy of ​acquiring underperforming software businesses and overhauling them.
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