- Bending Spoons priced its Nasdaq IPO at $29 a share, above its $26-$28 range, raising $1.68B.
- The valuation jumped 67% to $18.4B from $11B just eight months earlier.
- First-quarter 2026 revenue more than doubled to $601M, flipping a $112M loss into profit.
Bending Spoons priced its Nasdaq initial public offering at $29 per share on June 30, above its $26 to $28 target range, raising approximately $1.68 billion in total. Shares began trading on July 1 under the ticker BSP.
The number that matters most isn’t the raise, though. It’s the valuation jump behind it. Bending Spoons is priced at roughly $18.4 billion, up 67% from the $11 billion it was valued at after raising $710 million in October 2025, a round Tech Funding News covered at the time.
Back then, co-founder and CEO Luca Ferrari said that the raise was a validation of a decade’s worth of work. Eight months later, that decade’s worth of work carries a price tag two-thirds higher.
What moved the number
Valuations don’t jump 67% on sentiment alone. Bending Spoons reported first-quarter 2026 revenue of $601 million, more than double the $259 million it brought in during the same quarter of 2025, while swinging from a $112 million net loss to a $27.5 million net profit.
That’s the real story behind the number: a company that was still burning cash a year ago went public on Nasdaq profitable, and investors priced it accordingly.
Founded in Milan in 2013 by Ferrari and four co-founders after their first startup failed, leaving them with just $40,000, Bending Spoons built its growth by buying overlooked digital brands and rebuilding them with engineering and AI, rather than inventing new products from scratch.
TFN has tracked that strategy from its $710 million raise through its acquisitions of Vimeo, AOL and Eventbrite, to its confidential Nasdaq filing in June.
The company has maintained a dual-class share structure through the listing, meaning founders retain voting control even as outside shareholders come in, which is worth watching as it settles into public-market scrutiny.
A crowded field behind the number
Bending Spoons largely built this category in Europe, but it isn’t the only one anymore. TFN reported in June that Toronto’s Beacon has raised more than $550 million pursuing a similar buy-and-rebuild strategy, and London-based Circeus is running an AI-native version of the same playbook.
Traditional private equity firms such as Thoma Bravo and Vista Equity Partners remain active software buyers, too, but they typically exit. Bending Spoons doesn’t.
A 67% valuation jump built substantially on one strong quarter is a bet, not a guarantee. Whether Wall Street keeps rewarding Bending Spoons’ model past that first profitable quarter is the question its stock will now answer in real time, and it’s a test the rest of Europe’s software roll-up hopefuls will be watching closely.
