By Elias Schisgall
Shares of Bending Spoons jumped following the Italian technology company's Wednesday debut on Nasdaq.
The stock was trading up 40% at $40.64 as of Wednesday afternoon. The company's initial public offering was priced at $29 a share and raised $1.68 billion.
Bending Spoons, started by four college friends, has acquired technology brands like Eventbrite, Vimeo, and recently AOL, which it bought from Apollo Global Management last year.
Its Nasdaq debut adds to a busy year of IPOs. SpaceX went public in the largest-ever IPO last month, both Anthropic and OpenAI have filed confidentially to go public, and other companies such as Dunkin' owner Inspire Brands are planning stock-exchange debuts for later on in the year.
Write to Elias Schisgall at elias.schisgall@wsj.com