Bending Spoons has chosen Goldman Sachs, JPMorgan, Bank of America, BNP Paribas, Allen & Co, and Jefferies to lead its possible US IPO, which aims for a $20 billion valuation, Reuters first reported.
The company could go public before the northern summer, depending on market performance.
Founded in Milan and led by CEO Luca Ferrari, Bending Spoons operates more like a private equity firm with a technology operations team than a traditional software company. It acquires established but underperforming digital platforms, restructures them, and manages them as a unified portfolio at scale.
Last October, Goldman Sachs helped Bending Spoons raise $710 million in equity at an $11.7 billion valuation. The new $20 billion IPO goal is an 80% jump in less than a year.
The startup expects its adjusted EBITDA to reach $1.4 billion in 2026, up from $700 million in 2025, thanks to recent acquisitions, according to the same report. Its platforms serve over one billion people, with 300 million monthly users and 10 million paying customers, including many Fortune 500 companies.
Bending Spoons has expanded by acquiring companies such as Vimeo, WeTransfer, Evernote, Eventbrite, and AOL, a web portal many thought was defunct. Its strategy is clear: buy assets the market has left behind, use the same operational approach, and show that the user base can still generate revenue.
With a $20 billion IPO, Bending Spoons would be one of the largest recent European tech listings and would show that a Milan-based firm focused on buying and restructuring digital assets can command a top valuation on Wall Street.
