Bending Spoons S.p.A. Ordinary Shares

GE Aerospace said Tuesday it agreed to acquire Consolidated Precision Products for $11.75 billion, expanding its control over the supply of specialized castings used in commercial aircraft engines, military equipment and industrial gas turbines. The deal headlines a busy week of M&A across sectors. Copart agreed to acquire ACV Auctions for $10.50 a share in cash, an implied equity value of about $1.9 billion, while Analog Devices will acquire Alif Semiconductor in an all-cash transaction for $1.35 billion. Bending Spoons agreed to acquire collaborative-workspace company Miro at an enterprise value of $1.355 billion in an all-cash deal expected to close in the fourth quarter of 2026. Tamarack Valley Energy agreed to acquire Headwater Exploration in an all-stock deal valued at C$10B, about US$7.25B, creating the largest publicly traded oil producer focused on Alberta's Clearwater formation, and EverBank Financial agreed to acquire Pacific Northwest bank WaFd in a $3.9B reverse merger creating a regional bank with about $75B in assets. Meta Platforms purchased Swedish AI startup Stilla.ai, Apple acquired Sonera Magnetics in a deal disclosed by the European Commission, Grab Holdings is said to be in talks for a majority stake in Atome Financial, and ARC Group Acquisition I agreed to acquire Malaysian licensed financing company Firstborn Top Capital.

Bending Spoons has agreed to acquire workplace collaboration company Miro for $1.36 billion in cash, an equity value of $1.79 billion, a 92% drop from the $17.5 billion valuation Miro received in late 2021. The Italian serial acquirer said Miro now generates about $600 million in annual recurring revenue, 90% of it from businesses and enterprises, holds roughly $435 million in net cash, and is profitable. Miro, founded in 2011 as the whiteboarding tool RealtimeBoard, grew from five million to about 30 million users between 2020 and 2022 and now reports more than four million paying users and 100 million total users. The company, which had about 1,200 employees in 2022, cut 119 staff in February 2023 and reportedly another 275 people in October 2024. The deal follows Bending Spoons' purchase of Airtable for $1.28 billion last month, as the acquirer targets large SaaS companies that were priced in 2021 as future software giants but matured into slower-growing businesses with substantial recurring revenue.

Bending Spoons reported second-quarter revenue of $704 million, up 126% year over year, with adjusted operating income rising 150% to $381 million. The company also announced it has agreed to acquire Airtable for an enterprise value of $1.29 billion, following its completed acquisition of Tractive for $759 million. For the third quarter, Bending Spoons expects revenue between $733 million and $745 million and adjusted operating income between $380 million and $400 million. Full-year guidance calls for revenue of $2.78 billion to $2.82 billion and adjusted operating income of $1.46 billion to $1.51 billion, excluding any contribution from the pending Airtable deal. The company raised $1.10 billion in net proceeds from its July initial public offering and ended the quarter with net debt of $4.09 billion.

Several major acquisition agreements were announced this week. DoubleVerify agreed to be acquired by Nielsen in an all-cash transaction valued at approximately $2.15 billion, with shareholders receiving $13.60 per share. Advanced Micro Devices signed a definitive agreement to acquire Taalas, a developer of specialized AI inference silicon. Visa agreed to acquire BioCatch, a provider of behavioral-first fraud intelligence, for $2.4 billion from funds advised by Permira. Prologis reached an agreement to buy SEGRO plc for about $18.8 billion after securing a board recommendation. Bending Spoons is acquiring Airtable in an all-cash transaction valuing the workflow software company at an enterprise value of $1.285 billion, implying an equity value of about $2.25 billion. Curium announced a deal to acquire all outstanding shares of Lantheus Holdings for up to $114.50 per share in cash, including contingent value rights. Atkore entered into a definitive agreement to be acquired by Prysmian in an all-cash transaction representing an enterprise value of approximately $3.8 billion. Supernus Pharmaceuticals and Indivior Pharmaceuticals agreed to merge in an all-stock merger of equals. Digital Brands Group shares surged after receiving a proposal from an existing shareholder to acquire all outstanding shares for $77.58 per share in cash. Gloo entered into a definitive agreement to acquire Cedarstone, a business services firm serving nonprofit organizations.

US stock futures are pointing higher, with E mini S&P 500 contracts up about 0.2% and Dow futures also in positive territory, as softer inflation expectations ease borrowing cost fears. UK gilt yields slipped below 4.9% and US 10-year Treasury yields hover near 4.6%, signaling that rates may not rise as sharply as feared. Purchasing manager indexes across Europe and Japan show services and manufacturing activity just above the growth line. Among top movers, Shopify jumped 16.98% after a strong Q2 report and analyst upgrades, Bending Spoons surged 16.82% on European expansion plans, and Agnico Eagle Mines gained 9.85% on fresh analyst attention. On the downside, Space Exploration Technologies fell 13.61% after posting a quarterly loss, Medline declined 12.79% on weaker year-over-year earnings, and Astera Labs dropped 11.96% following mixed analyst updates. Today's earnings slate includes Cloudflare, Atlassian, Twilio, Roku, Warner Bros. Discovery, Airbnb, Monster Beverage, and Ralph Lauren, while China inflation data due Sunday and Berkshire Hathaway's Q2 results on Saturday are also on the radar.

Bending Spoons agreed to acquire Airtable in an all-cash deal with an enterprise value of $1.285 billion, marking the Italian technology firm's first acquisition since its Nasdaq debut last month. The transaction implies an equity value of approximately $2.25 billion when combined with Airtable's current net cash-and-cash-equivalents balance. Completion is expected before year-end, pending regulatory review and customary closing conditions, with both boards unanimously approving the deal. Airtable, founded in 2013, offers a no-code platform combining spreadsheet and database capabilities and serves more than 500,000 organizations, including 80% of the Fortune 100, with annual recurring revenue growing over 20% year over year to approximately $480 million as of June 2026. Bending Spoons CEO Luca Ferrari said the company is committed to investing in Airtable for the long run, while Airtable CEO Howie Liu said the partnership provides resources to build an AI-native platform of the future.

Milan-based Bending Spoons aims to raise up to about $1.6 billion in an initial public offering set to price and trade next week. The company owns the Vimeo, WeTransfer, Evernote, Eventbrite, and AOL businesses, following a digital brand roll-up model that acquires underperforming software and app businesses and revives them through product optimization, subscription monetization, and heavy use of AI and data science. The IPO marks the return of AOL to the public markets, evoking memories of the dot-com era when AOL's $183 billion merger with Time Warner in 2001 became one of the most disastrous deals in corporate history. After the bubble burst, Time Warner spun off AOL in 2009, and it was later acquired by Verizon in 2015 before being sold to Apollo Global Management in 2021, which then agreed to sell AOL to Bending Spoons in 2025.

Bending Spoons, the Italian technology company that owns Vimeo, is seeking to raise as much as $1.62 billion in a U.S. initial public offering, according to people familiar with the matter. The Milan-based company plans to market 58 million IPO shares at $26 to $28 each, with about 60% of the shares sold by the company and the rest by existing shareholders including Baillie Gifford. At the top of the range, Bending Spoons would have a valuation of $19 billion, and it is targeting an early-July debut on the Nasdaq Global Select Market under the ticker symbol BSP. The offering would be one of the largest IPOs by a European company this year and a rare listing by a major software firm, testing investor appetite for the sector. Goldman Sachs Group, JPMorgan Chase, and Allen & Co are leading the offering.

Seeking Alpha analysts weighed in on the most attractive upcoming initial public offerings following SpaceX's successful market debut. Donovan Jones highlighted Kardigan, a clinical-stage biopharma that debuted Thursday, and Bending Spoons as a potential digital media play, while noting that OpenAI and Anthropic are likely to launch soon with high demand despite challenges. Brett Ashcroft Green called SpaceX, OpenAI, and Anthropic all attractive but cautioned that retail investors face highly inflated prices after extensive private fundraising, and pointed to the Baron Partners mutual fund as a way to gain SpaceX exposure. Eugenio Catone argued that none of the upcoming AI IPOs are attractive due to unreasonable valuations, suggesting they are a strategy to cash out after a massive rally and advising retail investors not to take the bait.