Bending Spoons files for a US IPO with a possible $19B valuation

In short: Bending Spoons has filed paperwork to go public in the US, with filings and reports suggesting it could be valued around $19 to $20 billion if the offering prices at the top of its range.

What happened

Bending Spoons, a Milan-based company founded in 2013, filed a Form F-1 with the US Securities and Exchange Commission on June 8, 2026. It plans to list on Nasdaq under the ticker symbol BSP. The company is not public yet, and its shares are not trading.

In its filing and related reporting, the company said it aims to raise about $1.5 to $1.62 billion by selling roughly 58 million shares. The indicated price range is $26 to $28 per share. If the deal prices at the top end, coverage tied to the filing points to an implied valuation of about $19 billion, and some reporting has described a target around $20 billion.

Bending Spoons is known for buying established online products that are no longer growing well, then trying to improve them. Think of it like buying older but recognizable stores in a mall and renovating them, instead of building new stores from scratch. Recent acquisitions mentioned in coverage include AOL, Evernote, Vimeo, Eventbrite, WeTransfer, and Brightcove.

The company says it uses automation and AI (computer systems that can spot patterns and help make decisions) to run and update the products it buys. One example of a more directly AI-based app in its portfolio is Remini, which enhances photos.

Why it matters

If the IPO goes ahead at the expected price, it would be one of the larger tech listings connected to Europe this year. It also shows investors are willing to back companies that use AI and automation to make older, well-known internet brands run more efficiently.

Source: NYTimes