Bending Spoons Targets $1.62 Billion US IPO for Major Expansion

The global technology landscape is bracing for a significant move as Bending Spoons, the Italian powerhouse behind Vimeo, prepares for a massive U.S. initial public offering. This landmark listing could represent one of the largest IPOs by a European company this year, signaling a major shift in investor sentiment toward high-growth software firms.

Massive Valuation and IPO Details

According to sources familiar with the matter, Milan-based Bending Spoons is planning to market 58 million shares at a price range of $26 to $28 per share. At the top end of this pricing range, the company is eyeing a staggering valuation of $19 billion. The offering is expected to be filed with the U.S. Securities and Exchange Commission (SEC) shortly, with a target debut on the Nasdaq Global Select Market under the ticker symbol "BSP" in early July.

The structure of the IPO is designed to bring fresh capital into the business, with approximately 60% of the shares being sold by the company itself. The remaining 40% will be sold by existing shareholders, including prominent investment firm Baillie Gifford. Leading the offering are Wall Street giants Goldman Sachs Group, JPMorgan Chase, and Allen & Co.

A Turnaround Story Driven by Strategic Acquisitions

Founded in 2013, Bending Spoons has carved out a unique niche by acquiring and revitalizing digital software businesses. Its impressive portfolio now includes household names such as the video platform Vimeo and the file-sharing service WeTransfer. The company has also been on an aggressive acquisition spree, adding the internet brand AOL and the ticketing marketplace Eventbrite to its roster this year.

Financial filings reveal a dramatic turnaround in the company's profitability. For the three months ended March 31, Bending Spoons reported a net income of $27.5 million on revenue of $601 million. This stands in stark contrast to the same period the previous year, when the company reported a net loss of $112.2 million on significantly lower revenue of $259 million.

Testing the Appetite for Software in an AI Era

This IPO comes at a critical juncture for the U.S. markets. After a prolonged period of stagnation, the IPO market is regaining momentum, with companies raising a combined $150 billion through 179 U.S. listings so far this year—the strongest start since 2021.

However, Bending Spoons’ entry will serve as a litmus test for investor appetite in the software sector. As artificial intelligence rapidly reshapes business models and intensifies competition, investors are becoming increasingly selective about which software companies merit large-scale public listings. The success of this $1.62 billion offering will likely dictate the trajectory for other tech firms looking to go public in the current high-stakes environment.

Key Takeaways

  • Massive Scale: Bending Spoons seeks a $1.62 billion IPO with a potential valuation of up to $19 billion.
  • Rapid Growth: The company has successfully pivoted from a $112.2 million net loss to a $27.5 million net profit in just one year.
  • Strategic Portfolio: The listing follows a period of aggressive expansion, including the acquisition of Vimeo, WeTransfer, AOL, and Eventbrite.