AOL's owner, Bending Spoons, hits Wall Street with $1.7 billion IPO

Bending Spoons, the owner of AOL, Eventbrite, and Vimeo, raised $1.7 billion in its Wall Street IPO. The stock surged 41% on its first day, reaching a $25.5 billion market value, as the company plans to use proceeds for new acquisitions. Bending Spoons focuses on acquiring and overhauling struggling tech companies, leveraging AI and subscription-based revenue models.