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Italian App Studio Bending spoonswhich took over acts such as Eventbrite, Vimeoand We transport In recent years, it has filed for an IPO in the United States. The company joins other names such as SpaceX and Anthropic that are preparing to go public this summer.
The company said it has more than 500 million monthly active users across its apps, with 9 million paid customers. To date, it has made more than 50 acquisitions, including AOL, Eventbrite, Vimeo, Komoot, WeTransfer, Evernote, and Brightcove.
In its filing with the Securities and Exchange Commission, Bending Spoons said it ended the year with revenue of $1.31 billion and generated $601 million in the first quarter, an increase of 132% year over year. The company gets the majority of its revenue from subscriptions, which represent 84% of its business. It achieved profits of $27.4 million in the first quarter of 2026.
The company raised financing at A $11 billion valuation last yearup from $2.8 billion in 2024. In April, Reuters It was reported that the company could seek a $20 billion valuation through an IPO.
Investment management firm Baillie Gifford owns a significant portion of the company, with institutions such as Cox Enterprises, Durable Capital Partners and Fidelity also on the list of backers.
Bending Spoons typically takes a property whose business is not in good shape, trims the difference and pushes it into profitability through various types of subscription structures.
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