Bending Spoons files for US IPO as sales surge past $600M in Q1

The Italian tech company that collects digital brands like trading cards is eyeing a $20 billion Nasdaq debut after revenue more than doubled year-over-year.

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Add us on Google by Editorial Team Jun. 9, 2026

Bending Spoons, the Milan-based company best known for buying up struggling tech brands and squeezing profit out of them, has filed for an initial public offering in the United States. The company submitted a Form F-1 registration statement with the SEC on June 8, 2026, planning to list on the Nasdaq Global Select Market under the ticker “BSP.”

The financial backdrop makes the timing look deliberate. Bending Spoons reported Q1 2026 revenue of $601 million, more than doubling the $259 million it posted during the same quarter last year. Even more striking: the company swung from a net loss of $112.2 million to a net profit of $27.5 million over that same period.

The digital brand collector

If you haven’t heard of Bending Spoons by name, you’ve almost certainly used one of its products. The company has quietly assembled a portfolio of iconic internet-era brands that includes Evernote, Vimeo, WeTransfer, and AOL. Collectively, these properties serve over 1 billion registered users.

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Founded in 2013, the company has turned this serial acquisition strategy into something resembling a machine. Each new purchase gets folded into the broader Bending Spoons ecosystem, where shared infrastructure and centralized management strip away redundancies.

The IPO is targeting a valuation of approximately $20 billion. To put that in context, the company was valued at $11.7 billion in a private round just eight months ago. Goldman Sachs, J.P. Morgan, and Allen & Co. are leading the underwriting. The offering is expected to raise around $1.5 billion, which would make it one of the largest European tech IPOs this year.

Why the numbers matter

Going from a $112.2 million loss to a $27.5 million profit in a single year doesn’t happen by accident. It suggests that the company’s acquisition-and-optimize playbook is actually working at scale. The revenue more than doubled while the company simultaneously moved into the black.

The $601 million quarterly revenue figure also implies an annualized run rate north of $2.4 billion, assuming no further acceleration. For a company seeking a $20 billion valuation, that puts the price-to-sales multiple in the range of roughly 8x.

What this means for investors

Bending Spoons has no known affiliations with cryptocurrency or digital assets. This is a traditional tech play through and through.

The $1.5 billion in expected proceeds matters strategically. Bending Spoons’ entire growth engine depends on making acquisitions. More capital means more deals, which means more brands getting folded into the optimization machine.

Investors should also watch the retention dynamics closely. The 1 billion registered users figure is impressive, but what matters more is how many of those users are active and paying. Those metrics will likely get more scrutiny once the full S-1 prospectus details are available.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.