komoot

Bending Spoons IPO: Acquirer of AOL and Vimeo Goes Public

Milan-based Bending Spoons went public on the Nasdaq in early July 2026, briefly reaching a market capitalization above $25 billion, roughly double its prior private valuation. The company has built a portfolio of well-known digital brands — including Vimeo, AOL, Meetup, Eventbrite and WeTransfer — and reported $1.31 billion in revenue for 2025. Bending Spoons pursues an acquisition-led growth strategy described as PE-like but with an intention to hold and transform assets, often applying tech and AI alongside pricing and headcount changes that have drawn criticism. As of March 2026 the group said its portfolio served over 500 million monthly active users and more than 9 million monthly paying customers. Founders retain control of voting power and the company signals continued acquisitiveness backed by substantial operational centralization.

Bending Spoons Files for IPO, Targets $20–22B Valuation

Italian app acquirer Bending Spoons, owner of consumer apps including Komoot, Vimeo, Evernote, Eventbrite, WeTransfer and AOL, has filed an application with the U.S. Securities and Exchange Commission to pursue a public listing. The company did not disclose deal size, share price or timing in its SEC filing. Bloomberg, citing sources, reported Bending Spoons is targeting a valuation of roughly $20–22 billion and an IPO window in June. The SEC documents show a financial turnaround: in Q1 2026 the company reported net income of $27.5 million on $601 million revenue, versus a net loss of $112 million on $259 million revenue in the year‑earlier quarter. The firm’s buy‑transform‑optimize rollup model has attracted criticism for layoffs and price increases at acquired apps.

Bending Spoons Files for US IPO

Italian app studio Bending Spoons has filed to go public in the U.S. The company, which has acquired consumer platforms including Eventbrite, Vimeo and WeTransfer, reports more than 500 million monthly active users and 9 million paying customers across its apps. In its SEC filing Bending Spoons said it generated $1.31 billion in revenue for the year and $601 million in Q1 (a 132% year‑on‑year increase), with $27.4 million in profit for Q1 2026. Subscriptions represent 84% of its revenue. The firm has completed over 50 acquisitions to date and counts investors such as Baillie Gifford, Cox Enterprises, Durable Capital Partners and Fidelity; Reuters reported the IPO could target a roughly $20 billion valuation.