Overview
- Bending Spoons priced 57,971,015 ordinary shares at $29 per share and began trading on Nasdaq under the ticker BSP, closing its first day at $40.50, roughly 40% above the IPO price.
- The offering raised about $1.68 billion in total, with roughly $954 million of gross proceeds going to the company and about $680 million to selling shareholders.
- The post‑IPO market value jumped into the mid‑$20 billion range from a prior private valuation near $11 billion after the company reported a sharp turnaround in Q1 2026 with about $601 million in revenue and roughly $27.4–27.5 million in net income.
- Investors and analysts flagged near‑term risks including roughly $4.4 billion of debt that will require substantial interest payments and a dual‑class share structure that gives founders outsized voting control.
- Management says it will deploy IPO proceeds and cash flow to fund more acquisitions from a pipeline of more than 1,000 identified targets, even as past takeovers have involved deep reorganizations, job cuts and price increases for some users.