Bending Spoons Aims for $20 Billion Valuation in Highly Anticipated IPO

The Italian app studio, behind the popular apps Eventbrite and Vimeo, has filed for a US IPO at an $11 billion valuation. The move comes as part of a larger trend of prominent tech companies preparing to go public this summer.

Bending Spoons, a prolific acquirer of struggling businesses, has over 500 million monthly active users across its apps, with 9 million paying customers. The company's revenue has seen a significant surge, with $1.31 billion in revenue at the end of last year and $601 million in Q1 2026, a 132% year-on-year jump.

The majority of the company's revenue comes from subscriptions, accounting for 84% of its business. Bending Spoons generated $27.4 million in profit in Q1 2026. The company has made over 50 acquisitions, including AOL, Eventbrite, Vimeo, and WeTransfer.

Investment management firm Baillie Gifford holds a significant stake in the company, with other institutions like Cox Enterprises, Durable Capital Partners, and Fidelity also backing Bending Spoons. The IPO is expected to value the company at $20 billion, a significant increase from its $2.8 billion valuation in 2024.

Bending Spoons' business model involves acquiring struggling companies, trimming teams, and pushing them to profitability through subscription-based structures. The company's ability to turn around struggling businesses has made it an attractive prospect for investors.

Key statistics:

• 500 million monthly active users across its apps
• 9 million paying customers
• $1.31 billion revenue at the end of last year
• $601 million revenue in Q1 2026
• 132% year-on-year revenue growth
• 84% of revenue from subscriptions
• $27.4 million profit in Q1 2026

With Bending Spoons' IPO on the horizon, investors are eagerly awaiting the company's performance and growth prospects. The company's ability to turn around struggling businesses and its significant user base make it an attractive prospect for investors.