Bending Spoons announces the launch of the initial public offering (“IPO”) of its ordinary shares. A total of 57,971,015 ordinary shares are being offered, of which 34,398,640 are being offered by Bending Spoons and 23,572,375 by certain selling shareholders. In connection with the offering, Bending Spoons and the selling shareholders have granted the underwriters a 30-day option to purchase up to a further 5,244,026 ordinary shares from Bending Spoons and a further 3,451,626 ordinary shares from the selling shareholders at the IPO price, net of discounts and underwriting commissions. The IPO price is currently estimated at between US$26 and US$28 per share. Bending Spoons has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol “BSP”.
Goldman Sachs International, J.P. Morgan and Allen & Company LLC are acting as joint lead book-running managers for the offering. Wells Fargo Securities, BofA Securities, Jefferies, Evercore ISI, BNP Paribas, Mizuho, Societe Generale, Crédit Agricole CIB, IMI — Intesa Sanpaolo, UniCredit and Banca Akros – Banco BPM Group are acting as joint book-running managers for the offering.
The offer will be made exclusively by means of a prospectus. Copies of the preliminary prospectus relating to the offer, once available, may be requested from:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, via phone +1 (866) 471-2526, or via email to [email protected];
- J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, o via email aprospectus-eq_fi@jpmchase.com e [email protected]; oppure
- Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, 9th floor, New York, New York 10022, phone +1 (212) 339-2220, email: [email protected].
A registration statement relating to these securities has been filed with the US Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy them be accepted, until the registration statement becomes effective.
The company wishes to make it clear that the notice it has issued in the form of a press release does not constitute an offer to sell or a solicitation of offers to purchase securities, nor does it constitute an offer, a solicitation or a sale in any jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable laws of that jurisdiction. The offer is subject to market conditions and other factors, and there is no guarantee as to whether and when the offer will be completed, nor as to the size, price or other actual terms of the offer.
Certain statements contained in this press release constitute forward-looking statements, including in relation to the proposed IPO. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. Whilst management considers these expectations, assumptions, estimates and projections to be reasonable, forward-looking statements are merely forecasts and involve risks and uncertainties, both known and unknown, many of which are beyond management’s control. These statements involve risks and uncertainties that could cause Bending Spoons’ actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied in such forward-looking statements. Forward-looking statements speak only as at the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements and, except as required by law, Bending Spoons assumes no obligation and does not intend to update or revise such forward-looking statements as a result of new information, future events or otherwise.
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