Italian app studio Bending Spoons has filed to go public in the United States, joining a wave of companies including SpaceX and Anthropic that are preparing to IPO in the summer of 2026.
The Milan-based company, which owns Eventbrite, Vimeo, WeTransfer, Evernote, and AOL among more than 50 acquired properties, submitted its filing with the Securities and Exchange Commission in June 2026. Reuters previously reported the company could seek a valuation of $20 billion through the offering — up from the $11 billion valuation at which it raised funding last year, and $2.8 billion in 2024.
In its SEC filing, Bending Spoons reported $1.31 billion in full-year revenue and $601 million in Q1 2026 revenue — a 132% year-on-year increase. The company posted $27.4 million in profit in Q1 2026. Subscriptions account for 84% of its revenue. Across its portfolio of apps, the company says it serves more than 500 million monthly active users, with 9 million paying customers.
Bending Spoons’ backers include investment management firm Baillie Gifford, Cox Enterprises, Durable Capital Partners, and Fidelity.
The company’s acquisition model follows a consistent pattern: it purchases businesses in poor financial health, reduces headcount, and restructures them around subscription-based revenue to drive profitability.
The IPO filing marks a significant milestone for a company that has grown rapidly through acquisitions of well-known digital brands. With strong revenue growth and a move toward public markets, the listing could provide a test of investor appetite for subscription-driven app businesses at scale.
Source: TechCrunch