Vimeo Owner Bending Spoons Seeks Up to $1.62 Billion in US IPO
The Italian software company is targeting a $19 billion Nasdaq valuation for an early-July debut
Bending Spoons, an Italian technology company that specializes in acquiring and revamping software businesses, is seeking to raise as much as $1.62 billion in a U.S. initial public offering. According to two people familiar with the matter, the upcoming share sale would represent one of the largest IPOs by a European company this year. Additionally, the move represents a rare listing by a major software firm in the current financial climate.[1][2]
The company, which is the owner of the video platform Vimeo, plans to market 58 million shares to investors. These shares are expected to be priced between $26 and $28 each. Through this offering, Bending Spoons is targeting a market valuation of $19 billion. The company is currently aiming to make its trading debut on the Nasdaq exchange in early July.[1][2]
