Bending Spoons targets $19 billion U.S. IPO after buying AOL and Vimeo

Bending Spoons is heading to Wall Street with a bet that neglected internet brands can still be turned into a premium public company. The Milan-based software group filed for a U.S. IPO on June 8 and is now seeking to raise as much as $1.62 billion by selling 58 million shares at $26 to $28 apiece, a range that would value the company at $19 billion at the top end.

The deal is set to be one of the largest by a European company this year and a rare large software listing in a U.S. market that has recently reopened. Bending Spoons is targeting an early-July Nasdaq debut under the ticker BSP, with Goldman Sachs, JPMorgan Chase and Allen & Co leading the offering. About 60% of the shares will be sold by the company, while the rest will come from existing shareholders including Baillie Gifford.

The IPO is a direct test of Bending Spoons’ model: buy aging consumer-tech assets, cut costs, refresh the products and hold them for the long term. The company has completed more than 50 acquisitions and has built a portfolio that includes AOL, Evernote, Vimeo, WeTransfer, Eventbrite, Brightcove, Harvest, Komoot, Remini and StreamYard. In its filing, Bending Spoons said those ten core businesses generated more than 80% of revenue in the first quarter of 2026.

Financially, the company has already shown the kind of scale investors usually want before a listing. For the three months ended March 31, 2026, Bending Spoons reported net income of $27.5 million on revenue of $601 million, reversing a net loss of $112.2 million on revenue of $259 million in the same period a year earlier. It also raised $710 million in late 2025 at an $11 billion valuation before that financing.

The company said its products served more than 500 million monthly active users and over 9 million monthly paying customers in March 2026. In his prospectus letter, chief executive and co-founder Luca Ferrari said Bending Spoons had identified more than 1,000 digital businesses, both private and public, as possible future acquisition targets. The company’s next capital market move will show whether investors are willing to back a strategy built not on new consumer habits, but on extracting fresh value from old internet names in an era dominated by AI and platform giants.