Overview
- Bending Spoons filed a Form F-1 with the U.S. Securities and Exchange Commission on Monday to list on the Nasdaq Global Select Market under the ticker BSP.
- The prospectus shows rapid scale: full-year 2025 revenue hit $1.31 billion and the company reported $601 million in revenue and $27.5 million net profit in Q1 2026.
- The firm builds recurring revenue by acquiring underperforming digital businesses—including AOL, Vimeo, Evernote, Eventbrite and WeTransfer—and applying centralized tech, pricing changes and AI to raise subscriptions and margins.
- The IPO will keep founder control through a dual-class share structure in which Class A shares carry five votes each, and Goldman Sachs, J.P. Morgan and Allen & Company are the lead bookrunners.
- Media reports say Bending Spoons is targeting about a $20 billion valuation and an end-of-June window but the company has not confirmed pricing or a launch date, and investors will watch governance and the sustainability of cost-and-AI-driven gains.