The Italian software acquirer rose nearly 7% in its Nasdaq debut on Wednesday, lifting its market valuation to about $19.7 billion after an IPO priced above range.
Bending Spoons rose nearly 7% in its U.S. market debut on Wednesday, giving the Italian technology company a market valuation of about $19.7 billion after it raised $1.68 billion in an initial public offering priced above its marketed range. The company trades on Nasdaq under the ticker "BSP." The Milan-based group and selling shareholders sold 58 million shares at $29 each, above the $26 to $28 range disclosed to investors. Earlier reporting based on its filings put the IPO valuation at $18.4 billion, while the latest report said the listing was set to begin at a valuation of more than $18 billion. The offering is being watched as a gauge of investor appetite for software companies, a sector that was hit earlier in 2026 by concerns that AI could upend established business models. Software issuers have been mostly absent from the U.S. IPO market this year even as a run of large offerings, including SpaceX's blockbuster listing, pushed second-quarter proceeds above a record-breaking $100 billion. Bending Spoons has built an unusual model that blends elements of private equity with a technology operator. It buys digital businesses, cuts staff, and revamps technology rather than exiting assets after a turnaround. Its acquisitions since 2025 include Brightcove, Vimeo, AOL and Eventbrite, and its IPO prospectus says it has identified more than 1,000 digital businesses as potential future targets.