On July 2, Bending Spoons rose 10.6% in regular trading, trading at $31.875/share, with turnover of $108 million.

The surge was driven by the company's successful Nasdaq IPO pricing at $29 per share, exceeding its initial guidance range of $26-$28, combined with market expectations that the first-day opening price would reach $33—approximately 14% above the IPO price. This premium directly fueled the sharp post-listing rally.

Additionally, key shareholder Tamburi Investment Partners announced it would retain approximately 2.5% of shares following the listing, sending a positive signal of long-term confidence to the market. Bending Spoons, founded in 2013, operates through a tech acquisition and AI-driven optimization model, managing digital brands including AOL and Eventbrite. The company generated $1.6 billion in revenue over the trailing twelve months, with a fully diluted market capitalization of approximately $9.7 billion. The IPO offering comprised around 58 million shares, including 34.4 million primary shares from the company.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)