Bending Spoons IPO Prices; Getty Images Files for Listing

Three sizable IPOs and four SPACs priced this week, led by Italy-based tech company Bending Spoons (BSP). Eleven IPOs and four SPACs submitted filings, including a long-awaited listing from Getty Images.

Bending Spoons raised $1.2 billion in its U.S. IPO, pricing above the marketed range. The company, which owns popular mobile apps including Evernote and Meetup, sold shares at $28 each, above the $24-$26 range. The stock opened at $31.50 and closed its first session up 18%.

Getty Images Holdings filed for an IPO that would list on the New York Stock Exchange under the ticker GETY. The visual media company, owned by private equity firm Hellman & Friedman, reported $1.6 billion in revenue for 2024. No pricing terms were disclosed.

Four SPACs priced during the week, raising a combined $400 million. The largest was a $200 million vehicle sponsored by a former Goldman Sachs partner targeting fintech acquisitions.

Among the week's other filings, biotech firm Kyverna Therapeutics filed for a $150 million IPO. The company is developing cell therapies for autoimmune diseases and has two candidates in early-stage trials.

The IPO pipeline now holds 85 companies actively pursuing listings, according to exchange data. That is the highest count since late 2021.

Bending Spoons plans to use proceeds for acquisitions and product development. The company has been on an acquisition spree, buying Evernote in 2022 and Meetup in 2023. It reported $480 million in revenue last year, up 34% from 2023.

Getty Images' filing comes as the stock photography market consolidates. The company merged with Shutterstock in 2024 but the deal was blocked by U.K. regulators in February. Getty Images then withdrew from the transaction.