Bending Spoons, the Italy-based company that owns AOL and other tech businesses, has hit Wall Street with a $1.7 billion initial public offering. The company priced 58 million shares at $29 apiece, with $1 billion in proceeds going to the company and the rest to shareholders.
Company Overview
Bending Spoons’ key focus is acquiring troubled tech companies and overhauling them. The company has acquired over 50 companies since its founding in 2013. Its portfolio includes Eventbrite, a event creation and ticketing company, and Vimeo, a video hosting service. AOL, formerly America Online, is a more recent acquisition for the company.
The company’s founders say the name ‘Bending Spoons’ is meant to evoke focus and dedication, as well as some humor. The name is inspired by the fictional concept of bending spoons with the mind, as portrayed in the dystopian AI-focused ‘The Matrix’ films.
Bending Spoons had net income of $27.5 million on revenue of $601 million during the first three months of 2026. The company has more than 500 million monthly active users and 9 million monthly paying customers as of March.
The company plans to use proceeds from the offering to invest in new acquisitions. The Bending Spoons offering comes amid a resurgence in the IPO market this year, highlighted by the record-setting market debut of SpaceX last month.
Original reporting: KTBS 3 (Shreveport) — read the source article.
