Bending Spoons raises $1.62B in US IPO priced above range, valued near $20B

Bending Spoons, the Milan-based company that has quietly assembled a portfolio of digital brands most people have actually heard of, just pulled off one of the year’s biggest tech IPOs. The Italian firm priced its Nasdaq listing above the marketed range of $26 to $28 per share, raising approximately $1.62 billion in the process.

The offering implies a market valuation in the neighborhood of $19 billion to $20 billion.

The roll-up machine goes public

Bending Spoons doesn’t build products from scratch. It buys them. The company’s entire playbook revolves around acquiring underperforming digital businesses, stripping them down, and optimizing them for profitability.

The portfolio includes Evernote, Vimeo, AOL, and Eventbrite. Bending Spoons has completed over 50 acquisitions historically, building a user base of over 400 to 500 million monthly active users.

The IPO was structured with around 58 million shares, split roughly 60% new primary shares and 40% secondary offerings from selling shareholders. Goldman Sachs and JPMorgan led the underwriting. The company will trade on Nasdaq under the ticker BSP.

Growth numbers that got Wall Street’s attention

Bending Spoons reported Q1 2026 revenue of $601 million, up from $259 million in the same period a year earlier. That’s a 132% year-over-year increase.

The company posted net income of $27.5 million for Q1 2026.

What this means for investors

The pricing above range is a clear signal of demand. In a year where several high-profile IPOs have struggled to generate enthusiasm, Bending Spoons managed to convince institutional investors to pay more than the initial ask.

One detail worth flagging: the dual-class share structure. Bending Spoons’ Class A shares carry 5x voting rights, effectively giving co-founders outsized control over corporate decisions regardless of their economic ownership stake.

Bending Spoons’ successful debut could open the door for other European tech companies eyeing US listings. The company represents the largest European tech IPO in recent memory.

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