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ITALY'S BENDING SPOONS, OWNER OF AOL AND VIMEO, VALUED AT $20 BILLION IN US MARKET DEBUT

  • NEWS Desk Global
  • 8 hours ago
  • 1 min read

Bending Spoons shares jumped nearly 7% in ​their U.S. market debut on Wednesday, valuing the Italian technology company at $19.7 billion in a listing closely watched ‌for signs of a broadening recovery in the U.S. IPO market.

The Milan-based company's stock opened at $31 apiece, compared with the $29 offer price. The listing tests investor appetite for software companies after the industry was hammered earlier this year by fears that AI could disrupt established business models.

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