Bending Spoons defies SaaS slump, surges 40% on first day of trading
- ID
- 2384
- Status
- summarized
- Published
- 02 Jul 2026, 6:47 AM
- Fetched
- 02 Jul 2026, 7:20 AM
- Provider
- TechCrunch
- Category
- technology
- Original URL
- https://techcrunch.com/2026/07/01/bending-spoons-defies-saas-slump-surges-40-on-first-day-of-trading/
- Source URL
- https://techcrunch.com/feed/
Summary
- Score
- 7.5
- Created
- 02 Jul 2026, 7:20 AM
- Tags
- Audience
- developerssaas_startup_founders
What happened
Bending Spoons, known for acquiring and revamping legacy tech brands like Evernote and Vimeo, went public and its stock surged 40% on the first day, defying the broader SaaS market slump. The company's model of buying and improving older software assets has proven profitable and attracted strong investor interest.
Why it matters
For Malaysian SaaS founders, this demonstrates an alternative growth strategy through acquisitions rather than building from scratch. It also signals investor appetite for profitable tech consolidation plays.
Discussion angle
Could Malaysian startups replicate Bending Spoons' acquisition model to scale in Southeast Asia, and what challenges might they face?