Vimeo Owner Bending Spoons Targets Up to $1.62 Billion in U.S. IPO

businessstocks 2 posts · 2 accounts

Italian software company Bending Spoons plans to sell 58 million shares at $26 to $28 each in a U.S. initial public offering that could raise as much as $1.62 billion and value the Vimeo owner at up to $19 billion. Its portfolio also includes WeTransfer, AOL and Eventbrite, and the shares will trade on Nasdaq under the ticker BSP.

Reuters reported the company is targeting an early-July debut. Roughly 60% of the shares will be sold by Bending Spoons and the rest by existing holders including Baillie Gifford. First-quarter revenue rose to $601 million from $259 million a year earlier, while the company swung to $27.5 million in net income from a $112.2 million loss.

From the sources (2 posts)

@stockmktnewz

BENDING SPOONS IS REPORTEDLY HEADING FOR A U.S. IPO AT A VALUATION OF UP TO $19 BILLION The Italian software company that owns Vimeo, WeTransfer, AOL and Eventbrite is targeting an early-July debut, per Reuters.

@wallstengine

Vimeo owner Bending Spoons is seeking up to $1.62B in a U.S. IPO. The company plans to sell 58M shares at $26-$28 each, valuing it at up to $19B. Portfolio includes Vimeo, WeTransfer, AOL and Eventbrite. Expected Nasdaq ticker: $BSP http

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