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Bending Spoons, the Milan-based acquirer behind AOL, Evernote, Vimeo, and WeTransfer, priced its Nasdaq IPO above its marketed range on June 30, targeting a $19 billion valuation after reporting $1.31 billion in 2025 revenue and a dramatic swing to profitability. CEO Luca Ferrari's AI-powered cost-cutting playbook, where 90% of code changes are now AI-generated and internal LLMs handle 80% of support queries, has produced stunning short-term numbers. But with the restructuring phase largely comp