According to Bloomberg, Bending Spoons plans to market 58 million shares at $26 to $28 each. The company itself will sell 34.4 million shares, while existing backers including Galileo Quattordici and Baillie Gifford will offload 23.6 million. Insiders are cashing out alongside the IPO.
This tests whether the software roll-up model—buying tired assets, cutting costs, and extracting cash flow—can still command premium public-market valuations. If the IPO prices well, it signals investors still prefer predictable software economics over growth-at-any-cost narratives. That matters for every private-equity-style tech operator waiting for an exit window.
Insiders are selling a meaningful chunk alongside the company. Public investors are funding growth and providing founder and backer liquidity at the same time. In a hot tape, that works fine. In a picky one, you get a different question: Is this a long runway story, or a very well-timed handoff at $28?
Filed to the Markets desk · Jun 22