Bending Spoons Prices $1.68 Billion IPO Above Expectations

The offering generated $1.68 billion, fueled by the sale of nearly 58.0 million shares. Of those, 34.4 million were issued by the company itself, while existing stockholders offloaded the remainder. Trading is scheduled to commence on the Nasdaq Global Select Market this Wednesday, with the transaction expected to finalize the following day.

This capital infusion arrives as Bending Spoons accelerates an aggressive acquisition strategy. Since last November, the firm has deployed over $3.3 billion to secure control of high-profile assets, including AOL, Eventbrite, and Vimeo. Analysts at S&P Global Ratings anticipate this trend will continue, noting that the company intends to channel the majority of these proceeds into further inorganic growth. To manage the scale of the offering, underwriters have secured an option to purchase up to 8.7 million additional shares from the company and participating stockholders. Goldman Sachs International, JPMorgan, and Allen & Company served as the lead bookrunning managers for the deal.