Bending Spoons prices its IPO above the expected range to generate $1.68 billion prior to its debut on Nasdaq.

      Bending Spoons, the Milan-based software company that owns Vimeo, WeTransfer, and Evernote, has set the price for its U.S. initial public offering above the anticipated range, raising $1.68 billion. According to a statement from Bloomberg, the firm and its existing shareholders, including Baillie Gifford, sold 57.97 million shares at $29 each. This price exceeds the targeted range of $26 to $28, indicating strong demand for one of the year’s largest European listings.

      The shares are projected to start trading on the Nasdaq Global Select Market on Wednesday under the ticker "BSP." The final amount slightly surpasses the approximately $1.62 billion the company aimed for when it established its range in late June.

      Bending Spoons operates differently than a typical software company; it resembles a private-equity firm with its own engineering team, acquiring established yet underperforming digital products, streamlining costs, and scaling operations.

      Its portfolio includes well-known brands such as Evernote, Meetup, Brightcove, Eventbrite, and the route-planning service Komoot, as well as the file-transfer platform WeTransfer. Last November, the company purchased Vimeo for around $1.38 billion, incorporating the video platform into a collection of previously fading consumer brands.

      This strategy is apparent across its acquisitions. Bending Spoons generally buys a product with a dedicated but overlooked user base, restructures its costs and pricing, and then moves on to the next target.

      Founded in 2013, Bending Spoons has evolved from a small mobile app studio into one of the more aggressive acquirers in the European software sector. Its financials for the listing are notably robust for a company of its age. Revenue increased from $387 million in 2023 to $671 million in 2024, and then to $1.31 billion in 2025, reflecting a compound annual growth rate estimated at about 84 percent.

      This growth trajectory is central to its appeal to public investors. The business model relies on generating profit from acquired products quicker than their decline, financing future purchases through the obtained returns.

      The IPO has been closely monitored as an indicator of European tech companies going public in the U.S. rather than their home markets. U.S. listings have rebounded this year, and Bending Spoons represents one of the prominent European players testing that market.

      Pricing above the initial range suggests a positive reception, at least from the institutional investors involved in the book-building process. Bending Spoons had filed for its Nasdaq IPO after reporting 2025 revenue of $1.31 billion and targeting a valuation around $20 billion. When finalizing terms, the company priced the offering up to $1.62 billion, aiming for a lower-end valuation of approximately $19 billion.

      Exceeding that range increases the implied valuation, although the firm has not disclosed a specific headline figure at the final price. The decision to list in New York instead of a European exchange reflects a broader trend of continental startups gravitating towards deeper U.S. capital markets, as noted by BNP Paribas concerning the U.S. IPO pipeline.

      For Italy, this listing represents a rare prominent moment; Bending Spoons is among the country's most valuable technology firms. The involvement of Baillie Gifford as a selling shareholder indicates the kind of long-term institutional investment the group has attracted.

      A successful public offering would provide Bending Spoons with a public currency for future acquisitions, essential for its roll-up strategy, and would also offer early investors a liquidity event after years of aggressive deal-making, primarily funded by debt and private capital.

      The true test will occur once trading begins. While above-range pricing suggests demand, the aftermarket will ultimately determine whether investors embrace the roll-up strategy or view the growth rate as unsustainable. Regardless, the ticker BSP now offers European tech observers a listed representation of one of the sector's most unique business models.