Italy's Bending Spoons files for Nasdaq IPO targeting $20B as software empire built from a $40K seed heads to public markets — TFN

Bending Spoons has filed confidentially for a Nasdaq IPO under the ticker BSP, reportedly targeting a valuation of around $20 billion.

The Milan-based company was last valued at $11.7 billion after securing $710 million in October 2025, and projects adjusted EBITDA of $1.4 billion in 2026, up from $700 million in 2025.

The company owns Evernote, WeTransfer, Vimeo, Eventbrite, Meetup, Brightcove, StreamYard, Remini, and AOL.

In 2013, Luca Ferrari and four colleagues were left with $40,000 after their first startup failed. They used it to found Bending Spoons in Copenhagen: no venture capital, no external backing, no runway beyond what they had.

Eleven years later, all four co-founders are billionaires, and the company they built is filing for a US IPO that could value it at $20 billion. That is the story the Nasdaq filing does not tell.