Italian app studio Bending Spoons, which has acquired companies like Eventbrite, Vimeo and WeTransfer in recent years, has applied for a U.S. listing. The company joins other names like SpaceX and Anthropic that are preparing for an IPO this summer.
The company said it has more than 500 million monthly active users and 9 million paying customers across its apps. To date, we have completed more than 50 acquisitions, including AOL, Eventbrite, Vimeo, Komoot, WeTransfer, Evernote, and Brightcove.
Bending Spoons said in a filing with the Securities and Exchange Commission that it ended the year with $1.31 billion in revenue and generated $601 million in the first quarter, up 132% from the same period last year. The company derives most of its revenue from subscriptions, which account for 84% of its business. In the first quarter of 2026, it generated revenue of $27.4 million.
The company raised funding at a valuation of $11 billion last year, up from $2.8 billion in 2024. Last April, Reuters reported that the company could seek a valuation of $20 billion through an IPO.
Investment management firm Baillie Gifford holds a large portion of the company, while other institutions such as Cox Enterprises, Durable Capital Partners and Fidelity are also on the backer list.
Bending Spoons typically acquires properties where the business is unhealthy, sheds teams, and then pushes to make them more profitable through various types of subscription structures.
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