Bending Spoons Soars 54% After Berkshire Adds $330 Million, Lifting Stake to 4%

3 articles · Updated · Yahoo Finance · Oct 14

Bending Spoons jumped as much as 54% Wednesday, touching $58 before easing to a roughly 38% gain by late morning in what could be its best day since the July 1 IPO.
Berkshire Hathaway agreed to buy 10 million new shares for $330 million at $33 each—about 13% below Tuesday's close—after already investing $600 million in the July offering.
Trading volume topped 9.8 million shares, more than four times the three-month daily average, as the deal pushed Berkshire's ownership to 4%.
The company said it will use the cash for general corporate purposes and acquisitions, with the placement expected to close in the fourth quarter.
Bending Spoons, now valued near $33 billion and up about 80% from its $29 IPO price, has been expanding through deals including Airtable and a planned $1.355 billion Miro acquisition.