Bending Spoons IPO surges to $40.50, valuing firm over $18 billion

Italian tech group Bending Spoons listed on Nasdaq, debuting with a market valuation exceeding $18 billion. According to TechCrunch, the $1. 68 billion offering highlighted its acquisition strategy and a founder-stated emphasis on operational excellence rather than luck. The listing placed the Milan-based firm among the most valuable European tech IPOs.

Shares opened at $40. 50, climbing nearly 40% above the IPO price by the close of the first trading day. TechCrunch reported that the stock closed the day at $40. 50 per share, representing roughly a 40% gain over the initial offering price.