Bending Spoons, the owner of AOL and other tech businesses, hit Wall Street with a $1.7 billion initial public offering Wednesday. The company priced 58 million shares at $29 apiece, with the company getting $1 billion in proceeds and the rest going to shareholders.

Company Overview

Bending Spoons is an Italy-based company that was founded by three friends in 2013. The company’s key focus is acquiring troubled tech companies and overhauling them. Among the company’s well-known holdings are the event creation and ticketing company Eventbrite, and the video hosting service Vimeo.

AOL, formerly America Online, is a more recent acquisition for the company. The email and search engine service dates back to the dawn of the internet age. Bending Spoons’ founders say the company’s name is meant to evoke focus and dedication, as well as some humor.

The company has debt of just under $4.4 billion and plans to use proceeds from the offering to invest in new acquisitions. The company said it had net income of $27.5 million on revenue of $601 million during the first three months of 2026.

Original reporting: Texarkana Gazette — read the source article.