Italian app developer Bending Spoons files for U.S. IPO
Bending Spoons, which owns several digital-media platforms, filed a U.S. securities registration seeking to list its shares, reporting $1.31 billion in 2025 revenue and a 132% jump in first-quarter earnings.
Italian mobile-app studio Bending Spoons has submitted a registration statement to the U.S. Securities and Exchange Commission as it prepares for an initial public offering. The filing shows the company ended 2025 with $1.31 billion in revenue and generated $601 million in the first quarter of 2026, a 132% increase from the prior year. Subscription services accounted for 84% of that revenue, and the quarter produced a profit of $27.4 million.
Bending Spoons, which has acquired more than 50 companies—including Eventbrite, Vimeo, WeTransfer, Komoot, Evernote and Brightcove—claims its portfolio of apps serves over 500 million monthly active users, of whom 9 million are paying subscribers. The firm’s valuation rose to about $11 billion after a funding round last year, up from $2.8 billion in 2024, and analysts have speculated the IPO could target a valuation near $20 billion.
Major shareholders include investment manager Baillie Gifford, along with Cox Enterprises, Durable Capital Partners and Fidelity. The company’s acquisition strategy typically involves purchasing underperforming assets, restructuring the teams and converting the businesses to subscription-based models to achieve profitability.
