AOL Owner Bending Spoons Jumps After $1.68 Billion IPO

Bending Spoons shares rose 14% above their initial public offering price after the company and some of its backers raised $1.68 billion.  Shares of the Milan, Italy-based company, which acquires struggling software businesses, opened on Wednesday at $31 each, above the IPO price of $29 per share, before climbing as high as $33.14. The firm and investors including Baillie Gifford sold 57.97 million shares after marketing them for $26 to $28.  Luca Ferrari, CEO, Bending Spoons joined Bailey Lipschultz, Carol Massar and Tim Stenovec from to discuss their first day of trading. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake