The software company from Milan, which had been listed in NASDAQ, valued the market at over $18 billion, with the first-day stock price increasing by about 40 per cent. It is hoped that, with open market financing capacity, companies will continue to acquire, and use technology to upgrade, Internet brands with a user base that is still under pressure.
Multiple Internet brands acquired
Bending Spoons has acquired platforms such as Meetup, Eventbrite, Vimeo and WeTransfer over the past decade or more. Management stated that the company did not intend to transfer these assets on a short-term basis, but rather wished to improve its operations through product and technology adjustments and hold them for a longer period.
AI was written to the listed narrative
According to Matteo Danieli, co-founder and chief product officer, over the past year and a half, the pace of the introduction of new functions by companies has increased significantly and the value creation of users has increased simultaneously. The company specifically mentioned in its travel to the United States of America paper that its AI capability configuration predates the current boom in the industry.
Danieli also mentioned that the team had developed a product earlier in the year called Evertale, which tried to automatically generate a life log using a technology that was then known as machine learning. While the project eventually failed, it also allowed the company to develop a set of business ideas to minimize the dependence on luck in the growth process, with a focus on implementation and efficiency.
Continue M&As after listing
This method is also used for pricing and product operations. Danieli states that companies have long relied on data tracking, analytical infrastructure and experimental tools to optimize decision-making. Evernote is an acquisition of greater outside interest, and the company claims that its V11 update, which added more AI functionality, was subsequently endorsed by a number of subscribers.
According to documents submitted to the United States Securities and Exchange Commission, the counterpart income per full-time employee of the company, facilitated by AI, rose from $1.12 million in 2023 to $2.57 million in 2025 and $0.97 million in the first quarter of 2026. Management indicated that the liquidity generated by the listing would support subsequent M&As, and that the fall in the current SaaS valuation provided an opportunity to continue its capital deployment.