Bending Spoons SpA, a Milan-based software group that owns video and file-sharing services such as Vimeo and WeTransfer (and also Evernote), is pricing its U.S. initial public offering above the marketed range. Multiple outlets report the IPO price is $29 per share, with the offering raising $1.68 billion. The company and certain existing shareholders sell 57.97 million shares at that price, according to figures cited in coverage of the deal. The pricing is described as coming above the original targeted range of $26 to $28. Backers mentioned in reporting include Baillie Gifford, along with other existing shareholders participating in the share sale. After the pricing, the company is set to make its Nasdaq debut following standard closing and listing steps typical of U.S. IPO processes. Coverage is consistent that the transaction is conducted in the U.S. and that the $1.68 billion proceeds figure reflects total funds raised from the priced offering.
Bending Spoons prices IPO above range, raising $1.68 billion ahead of Nasdaq debut
Bending Spoons SpA, a Milan-based software group that owns video and file-sharing services such as Vimeo and WeTransfer (and also Evernote), is pricing its U.S. initial public offering above the marke...
- Bending Spoons SpA prices its U.S. IPO at $29 per share, above the $26–$28 marketed range.
- The IPO raises $1.68 billion in proceeds.
- The company and existing shareholders sell 57.97 million shares as part of the offering.
- Backers including Baillie Gifford are reported among the selling shareholders.
- Bending Spoons is preparing for a Nasdaq debut after the IPO pricing.
Bending Spoons, the Milan software group that owns Vimeo, WeTransfer and Evernote, has priced its US initial public offering above the marketed range to raise $1.68bn. The company and existing shareholders, including Baillie Gifford, sold 57.97 million shares at $29 each, according to a statement reported by Bloomberg. That is above the $26 to $28 range […] This story continues at The Next Web
3 months agoBending Spoons SpA, which acquires struggling software businesses, and some of its backers raised $1.68 billion in a US initial public offering priced above a marketed range.
3 months ago
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