Key Points
- Bending Spoons stock surged 50% since its IPO, reaching a $33.4 billion valuation after acquiring Airtable.
- The Airtable deal added roughly $11 billion in market cap, signaling investor appetite for consolidation in mature SaaS.
- Bending Spoons now trades at a 265x price-to-earnings ratio, reflecting confidence in extracting value from legacy software properties.
Summary
Bending Spoons Surges 50% Since IPO After Airtable Acquisition
Bending Spoons' stock has climbed 50% since its IPO, pushing the Italian software company to a $33.4 billion valuation. The surge came after the company announced its acquisition of Airtable, a move that added roughly $11 billion in market cap in what speakers on the show describe as an unlikely rally for a buyer of "boring SaaS with slow growth."
The market's reaction underscores appetite for consolidation plays in mature software categories. Bending Spoons now trades at a 265x price-to-earnings ratio, a valuation that reflects either confidence in the company's ability to unlock value from legacy SaaS properties or, at minimum, investor enthusiasm for the acquisition story itself.
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