Bending Spoons sets IPO price above the expected range to secure $1.68 billion before its debut on Nasdaq.

      Bending Spoons, the Milan-based software company that owns Vimeo, WeTransfer, and Evernote, has set its US initial public offering price above the expected range, aiming to raise $1.68 billion. According to a statement reported by Bloomberg, the company and its existing shareholders, including Baillie Gifford, sold 57.97 million shares at $29 each. This pricing exceeds the $26 to $28 range initially marketed, indicating strong demand for one of the year's largest European listings.

      The shares are anticipated to commence trading on the Nasdaq Global Select Market on Wednesday under the ticker "BSP." The final amount is slightly above the approximately $1.62 billion target that the group had set when establishing its range in late June.

      Bending Spoons operates differently from a typical software company. It functions more like a private-equity firm with its own engineering team, acquiring established yet underperforming digital products, reducing expenses, and scaling them efficiently. Its portfolio includes brands like 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 about $1.38 billion, integrating the video platform into its collection of once-diminishing consumer brands. The approach is consistent throughout its portfolio; Bending Spoons often acquires products with loyal but overlooked user bases, restructures their costs and pricing, and then moves on to the next acquisition.

      Founded in 2013, the group has expanded from a small mobile-app studio into one of the more acquisition-driven entities in European software. The financials associated with the listing are notably high for a company of its age. Revenue increased from $387 million in 2023 to $671 million in 2024, reaching $1.31 billion in 2025, reflecting a compound annual growth rate of about 84 percent, as noted by TNW.

      This growth trajectory is central to the appeal for public investors. The model relies on quickly extracting profits from acquired products before their decline, using those returns to finance new purchases. The debut has garnered attention as a measure of the willingness for European tech companies to pursue US listings rather than remaining in their home markets.

      US public offerings have seen a rebound this year, and Bending Spoons represents one of the larger European firms taking advantage of this opportunity. The above-range pricing indicates a positive reception, at least among the institutions involved in the book-building process.

      Bending Spoons had initially filed for its Nasdaq IPO after reporting $1.31 billion in revenue for 2025 and a valuation target approaching $20 billion. When finalizing the terms, the group set an offering price targeting up to $1.62 billion, with an estimated valuation near $19 billion at the lower end of the range. Pricing above that range increases the implied valuation, although the company has not disclosed a specific headline figure at the final price.

      Choosing New York over a European exchange highlights a broader trend of continental startups moving towards deeper US capital markets, a phenomenon noted by BNP Paribas regarding the US IPO pipeline. For Italy, this listing stands out as a significant achievement, with Bending Spoons among the most valuable tech companies to emerge from the country.

      The involvement of Baillie Gifford as a selling shareholder underscores the type of long-term institutional investment the group has attracted. A successful IPO would provide Bending Spoons with a public currency for future acquisitions, essential to its roll-up strategy while offering early investors a liquidity event after years of aggressive deal-making primarily financed by debt and private capital.

      The true test will come once trading begins. While an above-range price suggests demand, the aftermarket will reveal if investors believe in the roll-up strategy or view the numbers as a growth rate that may not be sustainable. Regardless, the ticker BSP now offers European tech observers a listed representation of one of the sector’s most unique business models.