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Bending Spoons IPO Nets $1.68B, Values $18.4B, Acquires Tractive

7/3/2026

50 12 Full Breakdown

Summary

Bending Spoons IPO

Bending Spoons listed on Nasdaq on July 1 2026 at $29 per share, raising $1.68 billion and valuing the Milan firm at $18.4 billion.
The dual-class shares give the four co-founders five votes each, preserving control as IPO proceeds target over 1,000 firms with $400 billion revenue.
In March 2026 the firm agreed to buy Austrian pet-tracker Tractive for $900 million, paid $781 million at closing and will cut about 160 of the 300 Pasching staff.

Summary

Bending Spoons Debuts

Bending Spoons debuted on Nasdaq, becoming the first European tech firm since Spotify’s 2018 IPO to reach a multi-billion-dollar valuation.
CEO Luca Ferrari says the mantra is to ‘minimize luck’ via systematic, data-driven decisions.
Sources report the firm was cash-flow positive before the IPO, boosting leverage in distressed-asset deals.
Employees and users of Evernote and Meetup protested layoffs and price hikes after the buyouts.

Summary

AOL Lists

AOL completed a public listing, marking its renewed IPO during a market resurgence.
Former AOL co-founder Steve Case posted on X expressing optimism about the listing.
Bending Spoons, founded in 2013 by three friends after a failed startup, now operates over 50 digital companies.
The firm uses AI technology as a central tool to redesign and revamp troubled tech assets it acquires.

History

Historical Context

In April 2018 Spotify listed on the NYSE, opening at $165.90 per share and raising about €1.5 billion. Backed by rounds that valued it at $1 billion in 2011 and $3 billion in 2012, the IPO made Spotify the first European tech firm to debut with a multi-billion market cap, a precedent that spurred peers like Bending Spoons to seek cross-border listings.

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Bending Spoons IPO

Bending Spoons listed on Nasdaq on July 1 2026 at $29 per share, raising $1.68 billion and valuing the Milan firm at $18.4 billion.
The dual-class shares give the four co-founders five votes each, preserving control as IPO proceeds target over 1,000 firms with $400 billion revenue.
In March 2026 the firm agreed to buy Austrian pet-tracker Tractive for $900 million, paid $781 million at closing and will cut about 160 of the 300 Pasching staff.

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