Bending Spoons IPO values Italian software acquirer at $25 billion, doubling private round

Bending Spoons began Nasdaq trading July 1 at $29 per share, raising $1.68 billion and briefly reaching a $25 billion market cap—more than double its $11 billion private valuation. Stock surged 40% on day one. The Milan-based company grew revenue from $387 million in 2023 to $1.31 billion in 2025 through acquisitions including AOL, Vimeo, and Eventbrite.