Bending Spoons Prices Nasdaq IPO at $29, Raises $1.68 Billion

Bending Spoons, a Milan-based technology conglomerate, priced its Nasdaq initial public offering at $29 per share above the previously disclosed $26-28 range, with the offer closing scheduled for 2 July 2026.

“Bending Spoons: Tamburi will hold about 2”

Borsa Italiana

The company said it raised $1.68 billion from the sale of 57,971,015 ordinary shares, including 34,398,640 offered by Bending Spoons and 23,572,375 by selling shareholders.

Borse.it

In parallel, the IPO included an option for additional shares, with a greenshoe allowing the purchase of up to 8,695,652 ordinary shares at the offering price.

Milano Finanza said the stock opened at $32 and then closed the session up 39.7% at $40.50, after trading began on 1 July.

Bending Spoons’ shares were set to begin trading on the Nasdaq Global Select Market with the ticker BSP on 1 July 2026.

The IPO story is tied to Bending Spoons’ acquisition-and-modernization model, with the company described as retaining acquired brands in its portfolio while modernizing them using AI rather than reselling them.

Zamin.uz said the company’s valuation exceeded $25 billion shortly after launch and that it had been valued at $11 billion in the private sector.

Corriere della Sera

Corriere della Sera said Bending Spoons’ actions debuted on Nasdaq after the company set the IPO price at 29 dollars per share, and it said the offer closed on 2 July.

Milano Finanza quoted CEO Luca Ferrari saying, "La quotazione è un traguardo importante anche perché ci dà ancora più potere d'acquisto per fare meglio e fare di più."

Milano Finanza also quoted Ferrari on AI-driven productivity, saying, "Abbiamo visto enormi aumenti di produttività grazie all'AI" as the company positioned itself for further acquisitions.

Bending Spoons said it intends to use IPO proceeds to fund new acquisitions and meet general corporate requirements, while TradingView reported the company’s first-quarter revenue at $601.3 million, up 132% year-on-year.

“Bending Spoons, l’unicorno italiano sbarca sul Nasdaq (e vale 18,4 miliardi di dollari): l’Ipo chiude a 29 dollari per azione La chiusura dell’offerta è prevista per il 2 luglio”

Corriere della Sera

TradingView said Bending Spoons reported revenue of $1.31 billion for all of 2025 and that net loss stood at $137 million, while it also reported a swing to net profit of $27.5 million in Q1.

Milano Finanza reported the company would receive between 1 billion and 1.15 billion dollars, while existing shareholders would receive between 680 and 780 million.

On the deal’s legal and execution side, Legalcommunity said the offering placed 57,971,015 ordinary shares at $29.00 per share and described the greenshoe option to purchase up to 8,695,652 ordinary shares.

Legalcommunity also listed the transaction’s advisers, saying Latham & Watkins advised Bending Spoons and that McDermott Will & Schulte advised on tax aspects in Italy and other selected foreign jurisdictions.