:

BENDING SPOONS RAISES $1.68B IN US IPO

AI DESK1 MIN READ
WED, JUL 1, 2026

■ AI-SUMMARIZED FROM 5 SOURCES ▸ TIMELINE

Bending Spoons, the Italian software acquirer that owns Vimeo, raised $1.68 billion in a US initial public offering, pricing 58 million shares at $29 each and valuing the company at approximately $18.4 billion.

The offering, which included shares sold by backers alongside new capital raised by the company, priced above its marketed range. The IPO marks one of the largest US listings by a European company in 2026. Bending Spoons has built its business model around acquiring struggling software companies and turning them around. The acquisition of Vimeo, a video hosting and creation platform, represented a major addition to its portfolio. The pricing at $29 per share exceeded initial expectations, reflecting investor confidence in the company's strategy and Vimeo's market position. The $1.68 billion raised will support further acquisitions and operational expansion. The IPO comes amid renewed activity in software M&A and a recovery in public markets for technology companies.

■ SOURCES

Bloomberg TechTechmemeBloomberg TechBloomberg TechBloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

California Gov. Gavin Newsom is blending tech-friendly policies with economic populism by proposing that Americans receive equity shares in AI companies. The proposal signals a strategic shift as he prepares for a likely presidential run.

5H AGOAI Desk

Uber and Lyft drivers in Massachusetts have established the first unionized ride-share workforce in the United States, marking a significant shift in labor organizing within the gig economy sector.

5H AGOIndustry Desk

India announced 1.28 trillion rupees ($13.3 billion) in additional funding to expand its semiconductor production capacity. The investment builds on a $10 billion incentive program launched in 2021 that successfully attracted major manufacturers including Micron.

6H AGOIndustry Desk

New York became the first state to issue a moratorium on new hyperscale data centers, responding to growing concerns about energy consumption and infrastructure strain from the proliferation of these facilities.

6H AGOIndustry Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.