Italian tech company Bending Spoons has eye on US for potential IPO
MILAN -The head of Italy's Bending Spoons says Milan is a great location for a start-up but he would probably favour New York were the tech company that owns services such as note-taking tool Evernote and photo editor Remini to list.
In February, the Milan-based firm completed a funding round which valued it at $2.55 billion and marked it out as a rare unicorn in the Italian tech landscape. A unicorn is an unlisted firm valued at $1 billion or more. However, Milan provides a good pool of skills, with competition for talent less fierce than elsewhere, he added.
He said the company had"the focus on acquisitions" of a private equity firm, but added:"we're engineers and scientists and we spend almost all of our time building technologies and products".Ferrari did not rule out further deals this year, with the company casting its net widely.
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