Bending Spoons does not build many apps. It buys them, fixes the finances, and runs them. Now it wants Wall Street to buy a piece of the machine.
The Milan-based group behind Evernote, WeTransfer, and Vimeo has filed for a US initial public offering, submitting a Form F-1 to the Securities and Exchange Commission. It plans to list its ordinary shares on the Nasdaq under the ticker “BSP”, in what would be one of the year’s most closely watched European tech debuts.
The company has not set a price, but reports put its target valuation at around $20bn, nearly double the $11.7bn it was worth in an equity raise just eight months ago.
The filing shows why investors are interested. Revenue rose from $387mn in 2023 to $671mn in 2024 and $1.31bn in 2025, a compound annual growth rate of 84 per cent. Chief executive Luca Ferrari has said adjusted earnings should roughly double again this year, to about $1.4bn, and the portfolio now reaches hundreds of millions of users and more than nine million paying customers.
What makes Bending Spoons unusual is how it grows.
