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The Spectrum of Liquidity
Why "Public" and "Private" Are the Wrong Categories for Thinking About Access to Cash
Bending Spoons went public on Nasdaq on July 1, and the market did not wait around to make up its mind. Shares priced at $29, opened strong, and closed the first day up nearly 40%, valuing the Milan-based acquirer of AOL, Vimeo, Eventbrite, and a dozen other formerly-left-for-dead internet brands at roughly $25 billion.

Hans Stege
Aug 259 min read
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