Bending Spoons, a notable player in the tech sector, has announced its intention to go public in the U.S. by filing for an initial public offering. The company submitted its Form F-1 registration statement to the SEC on June 8, 2026, with plans to trade on the Nasdaq Global Select Market under the ticker "BSP."
The timing of this move appears strategic, given the company’s recent financial performance. In the first quarter of 2026, Bending Spoons reported a revenue of $601 million, a remarkable increase from $259 million in the same quarter the previous year. Most impressively, it achieved a turnaround from a net loss of $112.2 million to a net profit of $27.5 million in just one year.
#What makes Bending Spoons a digital brand collector?
Bending Spoons may not be familiar to everyone, but many have likely interacted with its products. The company has built a substantial portfolio of well-known internet brands, including Evernote, Vimeo, WeTransfer, and AOL, which collectively reach over 1 billion registered users.
Since its founding in 2013, Bending Spoons has developed a systematic approach to acquiring and optimizing brands. Each new acquisition integrates into the Bending Spoons ecosystem, where efficiencies are gained through shared resources and management.
#How significant is the IPO valuation?
The IPO aims for a valuation around $20 billion, which is a significant leap from its $11.7 billion valuation from a private funding round just eight months prior. Major financial institutions, including Goldman Sachs, J.P. Morgan, and Allen & Co., are handling the underwriting process. The offering is projected to raise approximately $1.5 billion, positioning it as one of the largest tech IPOs from Europe this year.
#Why should investors take note of these financial figures?
The remarkable shift from a $112.2 million loss to a $27.5 million profit indicates that Bending Spoons’ strategy of acquisition and optimization is successfully scaling. The reported quarterly revenue translates to an annualized run rate exceeding $2.4 billion, which suggests a price-to-sales multiple around 8x for the projected $20 billion valuation.
#What does this IPO mean for investors?
Bending Spoons operates traditionally within the technology sector, having no visible connections to cryptocurrency or digital assets. The anticipated $1.5 billion from the IPO is crucial as Bending Spoons’ growth strategy hinges on acquisitions. Increased capital allows for more deals, enhancing their portfolio of brands.
Investors should also pay close attention to user retention rates. While 1 billion registered users is an impressive figure, the more critical metric is the number of users who are active and paying for services. This retention data is expected to be emphasized in the upcoming full S-1 prospectus, revealing deeper insights into the company's user engagement metrics.