Italian app developer Bending Spoons has filed for an initial public offering in the United States, joining a growing list of technology companies preparing to go public.
The company has expanded rapidly through acquisitions, buying more than 50 businesses over the years.
Its portfolio includes:
- Eventbrite
- Vimeo
- WeTransfer
- Evernote
- Komoot
- Brightcove
- AOL
Revenue tops $1.3 billion
According to its filing with the U.S. Securities and Exchange Commission, Bending Spoons generated $1.31 billion in revenue in 2025.
First-quarter revenue reached $601 million, up 132% from a year earlier.
The company reported $27.4 million in profit during the quarter.
Subscriptions account for the bulk of the business, representing 84% of total revenue.
Large user base
Bending Spoons said its apps have:
- More than 500 million monthly active users.
- Around 9 million paying customers.
Valuation has risen sharply
The company raised funding last year at an $11 billion valuation, compared with $2.8 billion in 2024.
In April, Reuters reported that Bending Spoons could target a valuation of $20 billion in its IPO.
Backers include major investors
Investment firm Baillie Gifford is one of the company’s largest shareholders.
Other investors include:
- Cox Enterprises
- Durable Capital Partners
- Fidelity
Acquisition strategy
Bending Spoons has built its business by purchasing companies whose operations were under pressure.
The company typically:
- Cuts costs and reduces staff.
- Introduces new subscription models.
- Focuses on improving profitability.
TL;DR:
Italian software company Bending Spoons has filed for a U.S. IPO. The owner of Eventbrite, Vimeo and WeTransfer reported $1.31 billion in annual revenue and more than 500 million monthly active users.
AI summary:
- Bending Spoons has filed to go public in the U.S.
- The company owns Eventbrite, Vimeo and WeTransfer.
- Revenue reached $1.31 billion in 2025.
- First-quarter sales rose 132% year over year.
- Reuters previously reported the IPO could value the company at $20 billion.
