Shares of Italy's Bending Spoons surged 40% in one day

As the global enterprise software market undergoes a transformation driven by artificial intelligence technologies, Italy’s Bending Spoons has successfully launched its public market debut, according to Zamin.uz.

The company’s shares surged nearly forty percent on their first day of trading, restoring investor confidence in the sector after a period of skepticism. International outlets have reported on the development.

By the close of trading on Thursday, Bending Spoons shares were selling for over forty dollars—significantly above the twenty-nine-dollar price set during its initial public offering.

As a result, the thirteen-year-old company, founded in Milan, now has a market valuation exceeding twenty-five billion dollars—more than double the eleven-billion-dollar valuation it held during its private phase.

Bending Spoons is known for its distinctive operational approach: it acquires once-popular brands that have since stalled in development, acquires them, and revitalizes them.

Among its portfolio are well-known services such as Evernote, Meetup, and Vimeo. The company turns these platforms into profitable businesses by reducing costs, introducing new opportunities, and reassessing subscription pricing.

Its financial results confirm the strategy is working. According to official figures, in the first quarter of this year, Bending Spoons generated over six hundred million dollars in revenue and recorded net profits exceeding twenty-seven million dollars.

For comparison, the company reported significant losses during the same period last year.

At a time when many traditional software firms fear being overtaken by AI-driven tools, Bending Spoons’ success has injected new energy into the sector.

The bulk of its revenue comes from subscriptions. Unlike other investment funds, the company does not plan to resell acquired businesses; instead, it holds them as long-term assets.

There are other firms in the market employing a similar model—often referred to as “permanent holders” of software companies with slowing growth. Examples include Constellation Software and Arising Ventures.

This successful move represents a major financial victory for both the company’s five founders and its major investment backers.