--- title: Bending Spoons defies SaaS slump, surges 40% on first... description: Bending Spoons, the Milan-based company known for acquiring and revitalizing stagnant tech brands like AOL, Evernote, Eventbrite, Meetup, and Vimeo, surged... canonical: https://daily.dev/posts/bending-spoons-defies-saas-slump-surges-40-on-first-day-of-trading-ndgagu36c twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Bending Spoons defies SaaS slump, surges 40% on first day of trading | daily.dev og:description: Bending Spoons, the Milan-based company known for acquiring and revitalizing stagnant tech brands like AOL, Evernote, Eventbrite, Meetup, and Vimeo, surged... og:url: https://daily.dev/posts/bending-spoons-defies-saas-slump-surges-40-on-first-day-of-trading-ndgagu36c og:image: https://api.daily.dev/og/posts/ndgAGU36C.png og:image:alt: Bending Spoons defies SaaS slump, surges 40% on first day of trading og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Bending Spoons defies SaaS slump, surges 40% on first day of trading **[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments ## Summary Bending Spoons, the Milan-based company known for acquiring and revitalizing stagnant tech brands like AOL, Evernote, Eventbrite, Meetup, and Vimeo, surged nearly 40% on its IPO debut, closing at $40.50 against a $29 offering price. The company reached a $25.7 billion market cap — more than double its last private valuation of $11 billion — and raised $1.68 billion. Its Q1 financials show $601 million in revenue and $27.4 million net income, a sharp turnaround from a $112 million net loss in the same period last year. The company generates 84% of revenue from subscriptions and, unlike private equity, has no plans to sell its acquired businesses. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Bending Spoons prices IPO above range to raise $1.68bn ahead of Nasdaq debut](https://daily.dev/posts/bending-spoons-prices-ipo-above-range-to-raise-1-68bn-ahead-of-nasdaq-debut-ty22dop7k) · The Next Web · 0 upvotes · 0 comments - [After $18B IPO, Bending Spoons founder says success comes from minimizing luck](https://daily.dev/posts/after-18b-ipo-bending-spoons-founder-says-success-comes-from-minimizing-luck-niys1ra7i) · TechCrunch · 0 upvotes · 0 comments - [Bending Spoons prices IPO at up to $1.62 billion, targeting $19 billion Nasdaq valuation](https://daily.dev/posts/bending-spoons-prices-ipo-at-up-to-1-62-billion-targeting-19-billion-nasdaq-valuation-0kvh4fu5o) · The Next Web · 0 upvotes · 0 comments - [What is Bending Spoons? The little-known AOL and Vimeo owner that’s now public](https://daily.dev/posts/what-is-bending-spoons-the-little-known-aol-and-vimeo-owner-that-s-now-public-feeyc5uz0) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#business](https://daily.dev/tags/business), [#venture-capital](https://daily.dev/tags/venture-capital), [#ipo](https://daily.dev/tags/ipo) [View this post on daily.dev](https://daily.dev/posts/bending-spoons-defies-saas-slump-surges-40-on-first-day-of-trading-ndgagu36c) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Bending Spoons defies SaaS slump, surges 40% on first day of trading","url":"https://daily.dev/posts/bending-spoons-defies-saas-slump-surges-40-on-first-day-of-trading-ndgagu36c","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/bending-spoons-defies-saas-slump-surges-40-on-first-day-of-trading-ndgagu36c"},"datePublished":"2026-07-01T22:52:05.776Z","dateModified":"2026-07-01T22:52:27.369Z","description":"Bending Spoons, the Milan-based company known for acquiring and revitalizing stagnant tech brands like AOL, Evernote, Eventbrite, Meetup, and Vimeo, surged...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/e4fab2a8d1d7a285309461b4766b143a?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/e4fab2a8d1d7a285309461b4766b143a?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/bending-spoons-defies-saas-slump-surges-40-on-first-day-of-trading-ndgagu36c","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"business,venture-capital,ipo","timeRequired":"PT2M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"Bending Spoons defies SaaS slump, surges 40% on first day of trading"}]} ```