Bending Spoons jumps 40% after IPO

Bending Spoons’ public debut is a rare software-market signal in a period when investors are questioning what AI does to SaaS valuations.

What happened

Bending Spoons closed its first trading day at $40.50, nearly 40% above its $29 IPO price.

The Milan-based software company raised $1.68B in the offering and reached a market cap of $25.7B, more than double its last private valuation of $11B.

Why it matters

This is not a typical growth-software IPO. Bending Spoons has built its business partly by acquiring older consumer and software brands, then trying to improve profitability and operations.

That makes the market reaction interesting. Investors are not only buying a new SaaS growth story; they are also backing a software rollup model at a time when many standalone software companies face pressure from AI disruption, slower growth and tougher public-market expectations.

The bigger picture

The IPO market has been selective, especially for software companies. A strong debut from Bending Spoons suggests public investors may still reward companies with clear profitability discipline, strong operating control and a differentiated acquisition strategy.

It also gives European tech another public-market benchmark, which matters for founders and investors trying to understand what kinds of software stories can still work after the venture boom.