Bending Spoons, the technology group behind video platform Vimeo and internet services brand AOL, has priced its U.S. initial public offering at $29 per share.
The final price sits above the company's targeted range, resulting in a total raise of $1.68 billion.
This development follows earlier reports that Bending Spoons and its backers were seeking approximately $1.
The pricing decision reflects robust demand from institutional investors for the group's diversified digital assets.
By setting the price at the top end of the spectrum, the company and its underwriters capitalized on strong interest to maximize capital raised in the debut.
This development follows earlier reports that Bending Spoons and its backers were seeking approximately $1.62 billion in the offering.
The upward revision in the final raise amount underscores the market's positive reception of the company's valuation and growth prospects in the competitive video and internet services sector.