Vimeo Owner Bending Spoons Prices $1.68 Billion US IPO Above Target Range

businessstocks 2 posts · 2 accounts

Bending Spoons, the software company behind Vimeo, priced its US public offering at $1.68 billion, clearing the upper end of the targeted range. The listing, completed Tuesday, values the Milan-based firm significantly higher than initially expected.

Bending Spoons operates a software roll-up model, acquiring struggling tech businesses and attempting to turn them around. Backers of the company participated in the offering, which follows a period of strong demand for new public listings priced above their starting marks.

From the sources (2 posts)

@business

Bending Spoons, which acquires struggling software businesses, and some of its backers raised $1.68 billion in a US IPO priced above a marketed range.

@reuters

Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion

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