Bending Spoons reportedly pricing IPO above $26-$28 range

Investing.com -- Bending Spoons SpA plans to price its U.S. initial public offering above the marketed range of $26 to $28 per share later today, according to a Tuesday Bloomberg report.

The Milan-based digital business acquirer received demand for multiple times the number of shares available, including from investors placing anchor orders.

The company is marketing 58 million shares in the IPO at $26 to $28 each, which would raise as much as $1.62 billion at the top of the range.

Shares are expected to begin trading on the Nasdaq Global Select Market on Wednesday under the ticker BSP.

Goldman Sachs Group Inc., JPMorgan Chase & Co., and Allen & Co. are among the banks working on the offering.

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