Bending Spoons Seeks $1.62 Billion U.S. IPO
Bending Spoons, the Italian software acquirer that owns Vimeo, is seeking to raise as much as $1.62 billion in a U.S. initial public offering, according to sources familiar with the matter. The offering would rank among the largest IPOs by a European company this year.
Bending Spoons, the Italian technology company that owns video platform Vimeo, is seeking to raise as much as $1.62 billion in a U.S. initial public offering, according to two people familiar with the matter. The offering would rank among the largest IPOs by a European company this year and represents a rare public listing by a major software firm.
Bending Spoons operates a business model centered on acquiring and revamping software companies. The Milan-based firm bought Vimeo, the professional video hosting and streaming platform, as part of its strategy to build a portfolio of digital media and productivity tools. Vimeo trades under the ticker .
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