Bending Spoons surges in Nasdaq debut after $1.68 billion IPO

Bending Spoons SPA

01/07/2026 18:54

Updates
** Italian technology company Bending Spoons' BSP.O shares surge as much as 46.6% in U.S. market debut after $1.68 billion IPO
** Stock opened at $31 apiece and jumped as high as $42.50 vs $29 IPO price
** Milan-based company and selling shareholders sold 58 million shares in IPO above marketed range of $26 to $28
** Listing seen as test of investor appetite for software companies after the industry was ‌hammered earlier this year over fears that AI could disrupt established business models

    ** "If Bending Spoons is successful, that's a positive for the software industry because it helps establish a valuation floor," said Matt Kennedy, senior strategist at ​Renaissance Capital, a provider of IPO-focused research and ETFs
  
** Bending Spoons, whose name was inspired by a scene in science-fiction film The Matrix, has ​emerged as one of Europe's most prominent technology companies, pursuing strategy of acquiring ​underperforming software businesses and overhauling them
** Goldman Sachs, J.P. Morgan and Allen & Company acted as joint lead book-running managers 

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))