Bending Spoons files US listing after revenue surge
The firm reported $1.31 billion in annual revenue and a 132 per cent rise in first-quarter earnings, joining a wave of major tech IPOs scheduled for this summer.
Italian technology firm Bending Spoons has formally filed to list on US stock exchanges, marking a significant milestone for the app studio that owns digital platforms including Eventbrite, Vimeo, and WeTransfer. The filing with the US Securities and Exchange Commission (SEC) positions the company alongside other high-profile technology entities such as SpaceX and Anthropic, which are also preparing for initial public offerings this summer.
The company’s financial disclosures highlight a substantial growth trajectory, reporting $1.31 billion in revenue for the previous year. Momentum continued into the first quarter of 2026, with revenue reaching $601 million, representing a 132 per cent increase year-on-year. Bending Spoons serves a user base of over 500 million monthly active users and 9 million paying customers across its portfolio of applications.
A significant portion of the firm’s financial performance is driven by its subscription model, which accounts for 84 per cent of its business. This structure contributed to $27.4 million in profit during the first quarter of 2026. The company’s strategy has historically involved acquiring properties with struggling business models, restructuring operations, and implementing subscription frameworks to drive profitability.
Bending Spoons has expanded its portfolio through more than 50 acquisitions, including notable platforms such as AOL, Komoot, Evernote, and Brightcove. The firm previously raised funding at a valuation of $2.8 billion in 2024, a figure that rose to $11 billion last year. While a Reuters report in April suggested the company could target a $20 billion valuation for its public listing, this figure remains an external estimate rather than a confirmed outcome of the current filing.
The company is backed by a roster of prominent investment institutions, including Baillie Gifford, Cox Enterprises, Durable Capital Partners, and Fidelity. Baillie Gifford holds a significant stake in the firm as it transitions from a privately held acquisition engine to a publicly traded entity.
