Bending Spoons prices $1.68 billion U.S. IPO

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Key Points

01Bending Spoons prices its U.S. IPO at $29 per share, above the $26–$28 range
02The offering totals about 57.97 million ordinary shares, raising $1.68 billion
03Shares are set to list on Nasdaq Global Select Market under the ticker BSP
04Underwriters receive options to buy additional shares from the company and sellers

IPO pricing and size

Bending Spoons S.p.A. has set the price of its U.S. initial public offering at $29.00 per ordinary share, after marketing the deal in a range of $26 to $28 per share. The final pricing above the marketed range results in gross proceeds of about $1.68 billion from the sale of 57,971,015 shares. The deal positions the Milan-based software-focused company for a listing on a major U.S. exchange.

The total share count in the base offering is split between new shares issued by Bending Spoons and stock sold by existing holders. In aggregate, the structure combines primary and secondary components into one of the larger technology-related IPOs currently coming to market.

Share allocation between company and sellers

Of the 57,971,015 ordinary shares in the IPO, 34,398,640 are being offered by Bending Spoons. Proceeds from these primary shares will flow to the company. An additional 23,572,375 shares are being sold by certain existing shareholders as secondary shares.

Bending Spoons will not receive any proceeds from the sale of shares by these selling shareholders. This split between primary and secondary shares defines how the $1.68 billion raised is allocated between the issuer and existing investors exiting or trimming their positions.

Listing details and timeline

The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "BSP" on July 1, 2026. The offering is expected to close on July 2, 2026, subject to customary closing conditions that typically accompany new listings.

The Nasdaq Global Select Market listing gives Bending Spoons access to a large U.S. investor base. The two-step timetable of first trading and then formal closing aligns with standard practice for sizeable U.S. IPOs.

Underwriter syndicate and overallotment option

Goldman Sachs International, J.P. Morgan, and Allen & Company are acting as joint lead book‑running managers for the transaction. Additional joint book‑running managers and book‑running managers are also involved, forming a broad underwriting syndicate to distribute the shares.

Bending Spoons and the selling shareholders have granted the underwriters an option to purchase up to an additional 5,244,026 ordinary shares from Bending Spoons and up to 3,451,626 ordinary shares from the selling shareholders. These additional shares may be bought at the IPO price, less underwriting discounts and commissions, providing capacity to meet any excess demand and stabilize trading after the listing.

Key Takeaways

01Bending Spoons secured a price above its marketed range, resulting in a larger capital raise than initially targeted by the indicative range.
02The IPO structure combines a substantial primary component for the company with a significant secondary sell‑down by existing shareholders.
03The Nasdaq Global Select Market listing under ticker BSP, backed by a large underwriting syndicate, is designed to support liquidity and broad investor participation.
04The overallotment option gives underwriters flexibility to manage post‑listing trading dynamics and potentially increase the total size of the offering.

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