Bending Spoons Stock Surges After Berkshire Hathaway Announces Additional Investment
Shares of Bending Spoons, a Milan-based software company specializing in M&A support tools, surged by nearly 39% on October 14 after Berkshire Hathaway announced an additional $330 million investment to increase its stake. The move brings Berkshire's ownership up to 4%, with the purchase made at a private price of $33 per share—offering a 13% discount compared to Bending Spoons' closing stock price on Tuesday. Berkshire initially invested $600 million in July during Bending Spoons’ IPO. The new investment has already yielded significant returns, with Berkshire up over 55% since its latest purchase. Analysts note that while the company's valuation is high—over 130 times earnings—it also generates strong free cash flow and forecasts robust future growth. Despite concerns about whether it’s too late to invest in Bending Spoons after today’s sharp rise, some analysts still see potential for further gains due to its projected performance. However, the stock may be less attractive as a bargain compared to other opportunities.
Tickers: $BSP
Topics: Bending Spoons Berkshire Hathaway M&A software stock price movement
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Part of the story Bending Spoons shares rise after Berkshire Hathaway invests $330 million (4 articles)