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Bending Spoons, the Italian software company that bought Vimeo less than a year ago, priced its US initial public offering at $29 per share on June 30. That’s above the projected range of $26 to $28, bringing the total raise to approximately $1.68 billion.
The company sold roughly 57.97 million shares and is set to begin trading on Nasdaq under the ticker BSP starting July 1. The post-money valuation lands somewhere between $18.4B and $19B, which is a dramatic leap from the $11B valuation it carried after an October 2025 funding round.
The Vimeo acquisition is already paying off
Bending Spoons acquired Vimeo in September 2025 for $1.38B, paying a 91% premium over the video platform’s previous trading price.
Bending Spoons reported Q1 2026 revenue of $601M, more than doubling the $259M it brought in during Q1 2025. The bottom line flipped even more dramatically: a net profit of $27.5M, compared to a net loss of $112M in the same quarter a year earlier.
The company’s playbook is straightforward. Bending Spoons finds established software products that have lost their edge, acquires them, strips out inefficiencies, and tries to make them profitable.
One of Europe’s biggest tech IPOs in 2026
The listing is being regarded as one of the largest technology IPOs out of Europe this year. Bending Spoons is headquartered in Milan, but chose Nasdaq for its public debut. The company’s founders retain significant control through a dual-class share structure, meaning public shareholders will have limited say in strategic direction.
What this means for investors
Pricing above range on an IPO is generally a bullish signal. The fact that Bending Spoons raised $1.68B at a valuation approaching $19B tells you the market is buying the turnaround narrative.
The valuation jump from $11B to nearly $19B in under a year is built substantially on one quarter of strong results. Q1 2026 revenue more than doubled and losses turned into profits, but sustaining that pace is a different challenge as the easy cost cuts from the Vimeo acquisition get absorbed.
The dual-class share structure means minority shareholders have no mechanism to push for change if strategic decisions go sideways. Investors buying BSP shares on Nasdaq are placing a trust bet on Bending Spoons’ leadership team.
For investors evaluating BSP, the key metrics to track in the coming quarters will be revenue retention rates across the Vimeo platform, whether the company can maintain profitability as it scales, and how aggressively it pursues additional acquisitions. Bending Spoons has signaled that its acquisition strategy isn’t finished, and deploying $1.68B in IPO proceeds toward new deals would be entirely consistent with its history.
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