Bending Spoons shares surge nearly 40% in NASDAQ debut, tokenized shares hit crypto exchanges
The Italian software giant's IPO raised $1.68 billion and valued the company at roughly $25.7 billion, while tokenized BSPx shares opened new doors for crypto-native investors.
Bending Spoons, the Italian software company best known for hoovering up underperforming tech brands and squeezing profit out of them, closed its first day on the NASDAQ up nearly 40%. Shares ended at $40.50, well above the $29 offering price, giving the company a market capitalization of approximately $25.7 billion.
An IPO built on acquisitions, not hype
The company raised $1.68 billion through its IPO on July 1, 2026, offering 57.97 million shares under the ticker “BSP.” It was one of the larger technology offerings of the year, and it arrived during a period when the broader SaaS sector has been struggling to generate the same investor enthusiasm it once commanded.
Founded in 2013 by Luca Ferrari, who serves as CEO, and Matteo Danieli, the company’s CPO, Bending Spoons has built its reputation by acquiring well-known but underperforming digital platforms and then ruthlessly optimizing them. The portfolio reads like a nostalgia trip through the internet’s greatest hits: Evernote, WeTransfer, Remini, and more recently, AOL and Vimeo, both acquired in 2025.
Where crypto enters the picture
Bending Spoons hasn’t just listed on the NASDAQ. The company also has tokenized versions of its shares, dubbed BSPx, available on platforms like Kraken and Backed.fi. These are financial instruments that provide indirect exposure to Bending Spoons’ stock price, allowing people who primarily operate within crypto ecosystems to participate in the company’s public market performance without opening a brokerage account.
What this means for investors
The first-day surge was impressive, but it’s worth noting that shares fell 6% in pre-market trading the following session.
Look at the competitive landscape. Constellation Software, the Canadian serial acquirer often cited as a comparable, took decades to reach a similar scale. Bending Spoons is attempting something similar but with a more concentrated portfolio of consumer-facing brands rather than vertical market software.
For crypto-native investors eyeing BSPx, questions around liquidity, redemption mechanisms, regulatory treatment, and how closely the token tracks the underlying stock price all matter.