Bending Spoons sets its IPO price at as much as $1.62 billion, aiming for a valuation of $19 billion on the Nasdaq.

      Bending Spoons is setting its US IPO price between $26 and $28 per share, aiming to raise up to $1.62 billion at a valuation of $19 billion, with plans to debut in early July. The Italian software firm, which specializes in acquiring and restructuring digital businesses, intends to offer 58 million shares on the Nasdaq under the ticker BSP, as reported by Reuters on Monday.

      If priced at the upper end of the range, Bending Spoons would be valued at approximately $19 billion, a substantial increase from the $11 billion pre-money valuation it reached after securing $710 million in late 2025, backed by investors such as T. Rowe Price, Baillie Gifford, Fidelity, and Durable Capital Partners.

      Approximately 60% of the IPO shares will be issued by the company as primary stock, while the remainder will be sold by existing shareholders, including Baillie Gifford. Goldman Sachs, JPMorgan Chase, and Allen & Co are leading the deal.

      This listing would mark one of the largest IPOs for a European company this year and presents a challenging public market opportunity for a significant software firm amid the ongoing transformation in business models due to artificial intelligence. BNP Paribas recently suggested that the influx of US mega-IPOs from companies like SpaceX, OpenAI, and Anthropic would drive European tech firms toward public markets, with Bending Spoons serving as a key example of this trend.

      Founded in Milan in 2013 by CEO Luca Ferrari and four co-founders with around $40,000 in initial funding, Bending Spoons has expanded through a bold acquisition strategy akin to private equity rather than conventional software development. The company buys established yet underperforming digital products, reduces costs, revamps their technology, and operates them at scale.

      Its portfolio includes Vimeo, acquired for $1.38 billion last year, WeTransfer, AOL, Eventbrite, Evernote, Komoot, and Tractive. The acquisitions often lead to substantial staff reductions, with layoffs at acquired firms frequently exceeding 70% of their workforce.

      This approach has resulted in significant revenue growth, with annual revenue increasing from $387 million in 2023 to $671 million in 2024, and reaching $1.31 billion in 2025, reflecting an 84% compound annual growth rate.

      First-quarter 2026 results demonstrate the profit potential of the model, with Bending Spoons reporting a net income of about $28 million on $601 million in revenue, contrasting with a net loss of $112 million on $259 million in revenue during the same period the previous year.

      The IPO comes amid a US market that has regained its momentum after a slowdown, with companies raising a total of $150 billion through 179 US IPOs thus far this year, the strongest start since 2021, according to Dealogic. Notable high-profile tech offerings, such as SpaceX’s record debut earlier this month and Cerebras Systems’ listing, indicate a renewed interest in the tech sector.

      For European technology companies, the Bending Spoons IPO highlights a continuing trend: many of the continent's largest tech firms still choose US exchanges for their greater access to capital and higher valuations. Ferrari’s stake in the company is now estimated at $1.4 billion, derived largely from a strategy that was not present in European venture capital a decade ago.