Bending Spoons, the Italian app studio behind a major acquisition campaign, has filed to go public.
The company has acquired over 50 properties. The list includes Eventbrite, Vimeo, WeTransfer, Evernote, AOL, Brightcove, and Komoot—services that other studios had abandoned.
Bending Spoons claims 500 million monthly active users across its portfolio, with 9 million paying customers. The company wrapped 2025 with $1.31 billion in revenue, and Q1 2026 brought in $601 million, a 132% year-on-year increase. It is profitable, with $27.4 million in profit last quarter. Subscriptions represent 84% of revenue.
Last year, Bending Spoons raised funding at an $11 billion valuation. Reuters reported in April that the company could target a $20 billion ask with this IPO.
The company's strategy is to acquire struggling properties, cut costs, and restructure them with subscription models. Investment firm Baillie Gifford holds a substantial stake, alongside Cox Enterprises, Durable Capital Partners, and Fidelity. Bending Spoons joins the summer 2026 IPO pipeline alongside SpaceX and Anthropic.
