Bending Spoons, the Milan-based company known for buying and optimizing struggling tech brands, 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.
Bending Spoons reported Q1 2026 revenue of $601 million, more than doubling the $259 million from the same quarter last year. The company swung from a net loss of $112.2 million to a net profit of $27.5 million over that period.
The company's portfolio includes Evernote, Vimeo, WeTransfer, and AOL, collectively serving over 1 billion registered users. Founded in 2013, Bending Spoons turns serial acquisitions into streamlined, profitable operations.
The IPO targets a valuation of approximately $20 billion, up from $11.7 billion in a private round 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, making it one of the largest European tech IPOs this year.
The revenue surge and profitability shift suggest the acquisition-and-optimize strategy is working. The $601 million quarterly revenue implies an annualized run rate north of $2.4 billion, giving a price-to-sales multiple of roughly 8x at a $20 billion valuation.
Bending Spoons has no known affiliations with cryptocurrency or digital assets. The $1.5 billion in expected proceeds will likely fuel further acquisitions. Retention dynamics and active paying user metrics are expected to be closely watched once the full S-1 prospectus details become available.