Bending Spoons, the Italian technology group behind video platform Vimeo and internet brand AOL, has priced its initial public offering at $29 per share, raising $1.68 billion.
The final price sits above the company's targeted range, indicating robust investor appetite ahead of its U.S. market debut on Wednesday.
The pricing decision reflects confidence in the company's diversified portfolio, which spans consumer video services, digital advertising, and software development.
By pricing above the initial range, Bending Spoons and its underwriters have signaled that demand from institutional investors exceeded early expectations, a positive sign for the stock's opening performance.
The listing marks a significant moment for the European tech sector, as one of the continent's largest private technology groups transitions to public markets.
The IPO comes at a time when investor interest in large-cap tech offerings has remained resilient, despite broader market volatility.