Vimeo owner Bending Spoons surges 39% in US market debut – Business Day

By Arasu Kannagi Basil, Elvira Pollina and Echo Wang Bending Spoons shares surged 39% in their US market debut on Wednesday as investors bought into the Italian firm’s ‌model of buying and revamping struggling technology companies. The Milan-based company’s shares opened at $31 apiece, valuing it at $19.7bn, and rose as high as $42.50. The listing adds to signs of a broadening recovery in initial public offerings in the US and serves as a gauge of investor appetite for software companies after the industry was hammered earlier this year by fears that AI could disrupt established business ​models. Software companies have been largely absent from the US IPO market in 2026, even as a steady flow of big deals and SpaceX’s blockbuster listing pushed second-quarter proceeds past a record-breaking $100bn. “It’ll definitely be a data point for the software industry, but that may simply be due to the scarcity of deals here,” said Matt Kennedy, senior strategist at Renaissance Capital, which offers research on IPOs and exchange traded funds. “Bending Spoons has a very different profile compared to most software IPOs in the pipeline.” Bending Spoons, a hybrid between private equity and a tech company, focuses on underperforming digital businesses.
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