Bending Spoons SpA, the Milan-based technology company and reported AOL owner, completes an initial public offering that is priced above its marketed range. According to Bloomberg and Quartz, the company and some of its backers raise $1.68 billion by selling shares at 29 euros each, which is above the previously indicated price range of 26 to 28 euros. Following the pricing, Bending Spoons shares trade higher, rising about 6.9% above the IPO price in early trading. Quartz reports that the above-range pricing places the company’s valuation at $18.4 billion, based on the IPO deal structure and share sale terms it describes. Bloomberg focuses on the post-pricing share movement and the total proceeds raised, while Quartz emphasizes the pricing decision and resulting valuation. Both accounts describe the same key figures: the share price of 29 euros, the IPO price range of 26 to 28, and total gross proceeds of $1.68 billion from the offering.