Bending Spoons defies SaaS slump, surges 40% on first day of trading

Bending Spoons, an Italian software company, opened trading on the Euronext Milan exchange and gained 40 percent on its first day. The company owns AOL, Eventbrite, Evernote, Meetup, and Vimeo, which it acquired and operates. It is one of the few software-as-a-service companies to pursue an initial public offering in the current market environment.

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