Bending Spoons, the Milan-based roll-up now steering AOL, Eventbrite and Vimeo, made its big entrance on Wall Street Wednesday as its stock started trading on the Nasdaq. The company sold 58 million shares at $29 each, listing under the ticker BSP. Early on, buyers sent the stock sharply higher, betting on the firm’s plan to bundle a cluster of legacy internet names into a single publicly traded heavyweight.
According to AP News, the offering pulled in about $1.7 billion in total, with Bending Spoons set to receive roughly $1 billion and the rest going to existing shareholders who sold stock into the deal. Bankers priced the shares above the initial marketing range, a signal that investor demand ran hotter than expected. The structure split proceeds between the company and insiders instead of operating as a purely primary fundraise.
How Bending Spoons Built Its Internet Empire
Founded in 2013 by three friends in Milan, Bending Spoons has grown by scooping up underperforming digital products and centralizing much of the heavy lifting at the group level. Over the years it has completed more than 50 acquisitions, a lineup that now includes Evernote, WeTransfer, Vimeo, Eventbrite and, most recently, AOL, as reported by TechCrunch. Management’s playbook leans on strict cost control, product overhauls and an aggressive push into subscriptions.
Numbers From The Prospectus
In its registration statement with the U.S. Securities and Exchange Commission, Bending Spoons reported $601 million in revenue and net income of $27.5 million for the first three months of 2026. The company said its portfolio served more than 500 million monthly active users and about 9 million paying customers as of March. The filing also showed just under $4.4 billion of debt on the balance sheet and stated that management plans to put fresh IPO cash toward more acquisitions. These figures appear in the company’s prospectus filed with the regulator, according to SEC filings.
Investor Reaction And What It Means
Once BSP opened for trading, buyers rushed in. The stock jumped roughly 41% shortly after the first trade, lifting Bending Spoons to a market value in the mid $20 billions. That first-day pop capped a busy run of tech listings and underscored how much appetite there still is for profitable software roll-ups. AP News detailed the initial surge and the post-debut valuation.
What Comes Next
The prospectus says Bending Spoons plans to recycle much of the IPO haul into its ongoing acquisition strategy while also scaling subscription revenue across its brands. “We were about to attempt to create a world-class company with $40,000, a team of five, and a track record that read 0 for 1,” the filing notes, according to SEC filings. Analysts and employees will now be watching to see whether the company can keep integrating its recent purchases while managing its debt load, a concern highlighted by Axios. For Bending Spoons, the Nasdaq debut provides both fresh capital and a public market price tag to back its next round of deals.
