$BSP closes 40% above IPO price; Bending Spoons valued near $25B

$BSP closed its Nasdaq debut at $40.50, about 40% above the $29 IPO price, after Bending Spoons completed one of the largest European software listings of 2026. Financial Times reported the company as a $23B technology empire built through acquisitions, while the final prospectus filed with the SEC set out a 57,971,015-share offering and a Nasdaq listing under the symbol $BSP.

The offering met the Tier-1 IPO threshold because it cleared the $1B valuation test by a wide margin and carried a material first-day market reaction. Bending Spoons sold 34,398,640 ordinary shares, while selling shareholders offered 23,572,375 shares. At $29 per share, the aggregate offering size was roughly $1.68B; company gross proceeds were about $953.9M before underwriting discounts, commissions and other expenses, according to the closing release.

The market reaction gave investors a public mark for a business that had been valued privately at $11B in an October 2025 equity round. The first-day close near $40.50 implied a market capitalization around the mid-$20B range, compared with the IPO valuation near $18B. For a software IPO market still sorting durable recurring revenue from AI-era multiple risk, that gap is the signal: buyers paid for the acquisition platform, not only the current app portfolio.

The company’s filing and closing release name AOL, Brightcove, Eventbrite, Evernote, Harvest, komoot, Remini, StreamYard, Vimeo and WeTransfer among its main businesses. Bending Spoons said it served more than 500M monthly active users and more than 9M monthly paying customers in March 2026. FT also noted revenue growth from $387M to $1.31B over two years, alongside a history of roughly 50 acquisitions.

The next numbers to watch are not just the stock’s second-week trading range. Public investors will be checking quarterly disclosures for organic revenue, debt service, acquisition spending, subscriber retention and any lock-up pressure from selling shareholders. The IPO created a listed acquisition currency; the test is whether $BSP can keep compounding without letting integration costs dilute the model.

Not investment advice. Verify all figures with primary sources before acting.