Bending Spoons Surges 40% on Nasdaq Debut
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bending Spoons surged 40% on its first day of Nasdaq trading, defying a broader slump across the SaaS sector.
- Bending Spoons raised $1 billion in its IPO, and the company's Italian CEO is now worth $2.4 billion, with the firm owning AOL, Eventbrite, and Evernote.
Why it matters: A 40% first-day pop on a $1 billion raise is a rare win for a SaaS-adjacent company in a sector that's been sliding. Bending Spoons' portfolio of legacy consumer brands — AOL, Eventbrite, Evernote — gave it the breadth to defy the sector trend and delivered a $2.4 billion paper fortune for its founder.
