Italian tech company Bending Spoons has eye on US for potential IPO

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Bending Spoons News

Luca Ferrari,Milan Stock Exchange,Tech Company

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...

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.

"If and when we choose to pursue an IPO, we'll evaluate all reasonable options. Today, we have a slight preference for a listing in the United States, but our views may change," Ferrari told Reuters in e-mailed comments. Limited access to capital and an excess of regulation are among the main constraints facing a company like Bending Spoons in Italy, Ferrari, aged 39, said.

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, with the company casting its net widely. Shell Bukom oil pipeline leak, Nansen CEO denied Singapore PR, and more of the biggest news in Yahoo Singapore's live news updates.At 5:19 a.m. ET, Dow E-minis were up 18 points, or 0.04%, U.S. S&P 500 E-minis were down 4.75 points, or 0.08% and Nasdaq 100 E-minis were down 46.5 points, or 0.22%. Among S&P 500 companies, 114 are expected to report quarterly earnings during the week, including International Business Machines, Tesla and Coca-Cola.

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