WeTransfer parent Bending Spoons plans massive US IPO | News.az

Italian tech powerhouse Bending Spoons is aiming to raise up to $1.62 billion in a highly anticipated U.S. initial public offering. The Milan-based firm, known for buying and aggressive revamping digital platforms, plans to market 58 million shares priced between $26 and $28 each. At the top of that target range, the company’s valuation would soar to $19 billion, News.Az reports, citing Reuters. The company is targeting an early July debut on the Nasdaq under the ticker symbol “BSP,” with financial heavyweights Goldman Sachs, JPMorgan Chase, and Allen & Co leading the offering. Bending Spoons’ rapid expansion has been fueled by major acquisitions. Its current portfolio includes: Vimeo (Video-sharing platform) WeTransfer (File-sharing service) AOL (Legacy internet brand, acquired this year) Eventbrite (Ticketing marketplace, acquired this year) The planned listing comes amid a major resurgence in the U.S. IPO market, following massive debuts from companies like SpaceX and Cerebras Systems earlier this year. It will serve as a crucial gauge of investor appetite for software firms as the industry navigates shifts driven by artificial intelligence. Bending Spoons recently turned a sharp financial corner, reporting a net income of $27.5 million on $601 million in revenue for the first quarter of the
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