Bending Spoons Raises $1.68 Billion in IPO on Nasdaq Above Announced Range
Bending Spoons, Milan-based group that owns Vimeo, WeTransfer and Evernote, priced shares in American IPO above the announced range and raised 1.68 billion dollars. The company and existing shareholders, including Baillie Gifford fund, sold 57.97 million shares at $29 per share — above the $26-28 range before Nasdaq debut.
AI-processed from TNW; edited by Hamidun News
Bending Spoons, a Milan-based software group that owns Vimeo, WeTransfer, and Evernote, placed shares on an American IPO above the stated range and raised 1.68 billion dollars before its debut on the Nasdaq exchange.
How many shares were sold and at what price
According to Bloomberg, the company and existing shareholders, including investment fund Baillie Gifford, sold 57.97 million shares at 29 dollars per share. This is above the originally stated range of 26-28 dollars per share — a signal of increased investor demand for the offering.
What products does Bending Spoons own
Bending Spoons is a Milan-based technology group that in recent years has acquired several well-known software services: video hosting Vimeo, file-sharing service WeTransfer, and note-taking application Evernote. All three brands retained their brand recognition in the mass market, which became part of the company's investment story before the IPO.
- Outcome of the offering — $1.68 billion in raised capital
- Share price — $29 (above the $26-28 range)
- Shares sold — 57.97 million units
- Among sellers — the company and current shareholders, including Baillie Gifford
- Debut exchange — Nasdaq
The sale of shares above the original range of 26-28 dollars to 29 dollars per share is a rare outcome for an IPO in today's market and usually indicates that the investor order book was oversubscribed.
What this means
Successful pricing above the range shows that investors are still willing to pay a premium for consolidators of recognizable consumer and work services, even as the IPO market remains selective overall. Bending Spoons converted a series of acquisitions of well-known brands into one of the notable technology debuts on Nasdaq. The participation of an investor like Baillie Gifford among the share sellers also confirms that the fund decided to lock in some of its profits at the peak of market interest in the offering.
Frequently Asked Questions
How much money did Bending Spoons raise on the IPO?
The company raised 1.68 billion dollars by placing shares at 29 dollars per share — above the stated range of 26-28 dollars.
What services does Bending Spoons own?
The Milan-based group owns video hosting Vimeo, file-sharing service WeTransfer, and note-taking application Evernote.
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Key Questions Answered
How much money did Bending Spoons raise on the IPO?
The company raised 1.68 billion dollars by placing shares at 29 dollars per share — above the stated range of 26-28 dollars.
What services does Bending Spoons own?
The Milan-based group owns video hosting Vimeo, file-sharing service WeTransfer, and note-taking application Evernote.
How many shares were sold and at what price?
According to Bloomberg, the company and existing shareholders, including investment fund Baillie Gifford, sold 57.97 million shares at 29 dollars per share. This is above the originally stated range of 26-28 dollars per share — a signal of increased investor demand for the offering.
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