Bending Spoons Nasdaq debut values Italian acquirer at $25 billion, more than double private round

Bending Spoons began trading on Nasdaq July 1 under ticker BSP, raising $1.68 billion at $29 per share. The Milan-based software acquirer briefly reached a $25 billion market cap in early trading, more than doubling its $11 billion private valuation and exceeding the $18 billion-plus IPO valuation. Stock surged 40% on day one. The company grew revenue from $387 million in 2023 to $1.31 billion in 2025 through acquisitions including AOL, Vimeo, and Eventbrite.