US stocks: Vimeo owner Bending Spoons seeks $1.62 billion US IPO, sources say iStock At the top of the range, Bending Spoons would have a valuation of $19 billion, one of the sources said.
Synopsis Italian tech firm Bending Spoons is gearing up for a significant U.S.
IPO, aiming to raise up to $1.62 billion.
This move, potentially one of the largest by a European company this year, could value the software acquirer at $19 billion.
The company, which recently reported strong net income growth, plans to debut on Nasdaq in early July, signaling a resurgence in tech IPOs.
By Reuters Last Updated: Jun 22, 2026, 11:40:00 PM IST Follow us Bending Spoons, an Italian technology company that acquires and revamps software businesses, is seeking to raise as much as $1.62 billion in a U.S. initial public offering, according to two people familiar with the matter, in what would be one of the largest IPOs by a European company this year and a rare listing by a major software firm.
ADVERTISEMENT The Milan-based company plans to market 58 million IPO shares at $26 to $28 apiece, the people said, speaking on condition of anonymity because the information is confidential ahead of a filing with the U.S.
Securities and Exchange Commission expected later on Monday.
About 60% of the IPO shares are expected to be sold by the company, with the remainder coming from existing shareholders, including Baillie Gifford, who are set to sell stock in the offering, the people added.
At the top of the range, Bending Spoons would have a valuation of $19 billion, one of the sources said.
The company is targeting an early-July debut for the IPO, another person added.
Bending Spoons declined to comment.
Baillie Gifford did not immediately respond to a request for comment.
The deal comes as the U.S. market for initial public offerings has regained momentum after a prolonged slowdown.
SpaceX's blockbuster debut earlier this month, the largest IPO on record, followed Cerebras Systems's listing earlier this year, reflecting a pickup in activity among high-profile technology offerings.
Companies have raised a combined $150 billion through 179 U.S.
Its portfolio includes video platform Vimeo and file-sharing service WeTransfer.
It also acquired internet brand AOL and ticketing marketplace Eventbrite this year.
The company reported net income of $27.5 million on revenue of $601 million for the three months ended March 31, compared with a net loss of $112.2 million on revenue of $259 million a year earlier, according to a filing with the SEC earlier this month.
ADVERTISEMENT The company raised $710 million in late 2025 in a funding round that valued the company at $11 billion before the investment, the Italian tech group said last year.
Goldman Sachs Group, JPMorgan Chase and Allen & Co are leading the offering.
