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Bending Spoons IPO Tracker: $3-5B Valuation & Acquisition Playbook

Bending Spoons IPO Raises $1 Billion as AOL Returns to Wall Street

Dade Hayes

6d ago· 2 min readenNews

technology finance business ipo

Summary

Bending Spoons, the Milan-based corporate parent of AOL, went public on the Nasdaq with shares rising 40% to close at $40.50. The IPO raised about $1 billion, with the company valued at roughly $11 billion. Founded in 2013, Bending Spoons owns a portfolio of over 50 digital companies, marking AOL's return to Wall Street a quarter-century after its infamous merger with Time Warner.

Source

DeadlineBending Spoons IPO Raises $1 Billion as AOL Returns to Wall Streetdeadline.com

Key quotes

· 3 pulled

A quarter-century after it swallowed Time Warner in one of history's splashiest and most ill-fated mergers, AOL returned to the Wall Street spotlight Wednesday with a new corporate parent, Bending Spoons.

The Milan, Italy-based company had its initial public offering on the Nasdaq, with shares rising 40% to finish at $40.50.

The IPO raised about $1 billion for the company, with additional proceeds going to shareholders.

Snippet from the RSS feed

AOL returned to the Wall Street spotlight Wednesday with the initial public offering of its new corporate parent, Bending Spoons.

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