Bending Spoons, the Milan-based company that buys struggling software businesses and rebuilds them private-equity style, saw shares jump 40% above their IPO price on its Nasdaq debut after it and backers including Baillie Gifford raised $1.68B. The stock closed at $40.50 versus the $29 IPO price, giving the company a $25.7B market value, up from about $14.5B in a 2025 funding round. The offering was led by Goldman Sachs, JPMorgan, and Allen & Co., with the 10 biggest investors taking roughly 85% of the shares. Bending Spoons, whose portfolio includes AOL, Vimeo, WeTransfer, Evernote, and the AI photo app Remini, reported $27.5M in net income on $601M in revenue for Q1 2026, swinging from a $112M loss a year earlier.
