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Eventbrite and Vimeo owner Bending Spoons files to go public

Bending Spoons, an Italian app studio renowned for its acquisitions including Eventbrite and Vimeo, has filed for a U.S. IPO. The company boasts over 500 million monthly users and reached $1.31 billion in revenue in 2025, with significant profit growth. Raising funding at an $11 billion valuation previously, it aims possibly for $20 billion post-IPO, joining other notable IPOs this summer such as SpaceX.

Key points

  • Bending Spoons, an Italian app studio, has filed for an IPO in the U.S.
  • The company has made over 50 acquisitions, including Eventbrite and Vimeo.
  • Bending Spoons boasts over 500 million monthly active users and 9 million paying customers.
  • In 2025, the company reported $1.31 billion in revenue, and in Q1 2026, generated $601 million (+132% YoY).
  • Revenue predominantly comes from subscriptions (84%).
  • Bending Spoons had a valuation increase from $2.8 billion in 2024 to $11 billion last year.
  • There are expectations for a $20 billion valuation post-IPO.
  • Key investors include Baillie Gifford, Cox Enterprises, Durable Capital Partners, and Fidelity.
  • The company aims to acquire underperforming businesses, optimize them for profitability, and implement subscription models.

Why it matters

  • The IPO market is becoming more active with companies like SpaceX and Anthropic also preparing for public offerings in 2025.
  • Bending Spoons’ subscription model reflects a broader trend in the tech sector towards recurring revenue streams.
  • The pattern of acquisition and restructuring seen with Bending Spoons mirrors strategies in the consolidation trends observed in the tech industry.

Bending Spoons' IPO filing signifies a robust growth trajectory and reflects the increasing emphasis on subscription-based business models in the tech industry, aligning with current IPO market activity and 2025 IT trends.