Bending Spoons closed 40% above its $29 IPO price on its first trading day, raising $1.68 billion amid a broader SaaS market slump.

Bending Spoons S.p.A. announces pricing of initial public offering

Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on…

Bending Spoons is set to debut on the US Nasdaq market today (1 July), after raising $1.68bn in its public listing.