Bending Spoons, the Milan-based technology company that has built a sprawling portfolio by buying up well-known but underperforming digital apps and overhauling them, filed paperwork on Monday for an initial public offering in the United States—offering the public its first detailed look at the finances powering its acquisition spree.
The company’s revenue grew 95% year over year to $1.31 billion in 2025, according to the filing, and has more than tripled between 2023 and 2025. Unlike many high-growth tech companies that rush to go public while still losing money, Bending Spoons is profitable at the operating level. Operating profit more than doubled to $278 million in 2025 from $127 million a year earlier, and has more than tripled between 2023 and 2025.
The momentum carried into 2026. Revenue more than doubled to $601.3 million in the first quarter, from $258.9 million a year earlier, and Bending Spoons swung to a $27.5 million net profit, compared with a $112.2 million net loss in the same period of 2025. At the operating line, the company posted $120.2 million in operating income in Q1 of this year alone, reversing a $4.6 million operating loss a year earlier. Goldman Sachs, J.P. Morgan, and Allen & Company are the global lead book runners on the offering, alongside a large syndicate that includes BofA Securities, Jefferies, Wells Fargo Securities, Evercore, BNP Paribas, Mizuho, Société Générale, and UniCredit, among others.
