Bending Spoons Plans $1.62 Billion IPO in the U.S

Bending Spoons, an Italian tech company, seeks to raise up to $1.62 billion in a U.S. IPO, aiming for an early-July debut. The firm plans to offer 58 million shares priced between $26 and $28 each, potentially valuing the company at $19 billion. Around 60% of the shares will be new, with Baillie Gifford also selling stock.

This IPO comes amid a resurgence in U.S. offerings following a slowdown and demonstrates investor interest in software firms as AI transforms business sectors. Founded in 2013, Bending Spoons operates digital platforms, including Vimeo and WeTransfer. Recent financials show a net income of $27.5 million on $601 million revenue for Q1, up from a net loss last year.

Goldman Sachs, JPMorgan Chase, and Allen & Co are leading the offering, with shares to trade under ticker "BSP" on Nasdaq.