
Bending Spoons (NASDAQ:BSP) agreed to acquire Airtable in an all-cash transaction reflecting a $1.285 billion enterprise value.
The transaction implies an equity value of approximately $2.25 billion when factoring in current net cash balances.
Airtable currently generates an annual recurring revenue of approximately $480 million after growing over 20% year over year.
Following the announcement, Bending Spoons' share price was up at $36.22.
The proposed deal represents the first acquisition for the company since its Nasdaq listing on July 1, 2026.
This transaction follows the earlier acquisitions of AOL and Eventbrite to expand its growing corporate portfolio.
Bending Spoons SpA 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.