By Arasu Kannagi Basil, Elvira Pollina and Echo *****
July 1 (Reuters) - Bending Spoons shares closed nearly 40% higher in their U.S. market debut on Wednesday, as investors bought into the Italian firm's model of buying and revamping struggling technology companies.
The Milan-based company's shares opened at $31 apiece and closed at $40.50, giving the firm a market value of $25.7 billion.
The listing adds to signs of a broadening recovery in the U.S. IPO market and serves as a gauge of investor appetite for software companies after the industry was hammered earlier this year by fears that AI could disrupt established business models.
Software companies have been largely absent from the U.S. IPO market in 2026, even as a steady flow of large deals and ***** eX's blockbuster listing pushed second-quarter proceeds past a record-breaking $100 billion.
July 1 (Reuters) - Bending Spoons shares closed nearly 40% higher in their U.S. market debut on Wednesday, as investors bought into the Italian firm's model of buying and revamping struggling technology companies.
The Milan-based company's shares opened at $31 apiece and closed at $40.50, giving the firm a market value of $25.7 billion.
The listing adds to signs of a broadening recovery in the U.S. IPO market and serves as a gauge of investor appetite for software companies after the industry was hammered earlier this year by fears that AI could disrupt established business models.
Software companies have been largely absent from the U.S. IPO market in 2026, even as a steady flow of large deals and ***** eX's blockbuster listing pushed second-quarter proceeds past a record-breaking $100 billion.
4 months ago
