An Italian company most people have never heard of just pulled off one of 2026’s biggest IPOs, and the crypto world got a front-row seat. Bending Spoons, the Milan-based tech holding company behind brands like Evernote, Vimeo, and AOL, debuted on Nasdaq on July 1 under the ticker BSP, with shares surging nearly 40% on their first day of trading to close at $40.50.
The stock priced at $29 per share, above the anticipated range of $26 to $28, raising approximately $1.68 billion in total. Of that, roughly $953.9 million went directly to the company. The debut pushed Bending Spoons’ market capitalization to around $25.7 billion, more than doubling its $11 billion private valuation from October 2025.
From digital diary app to $25.7B empire
Bending Spoons started as a digital diary app called Evertale back in 2013. Over the past decade-plus, co-founders Luca Ferrari and Matteo Danieli transformed the business into a serial acquirer of digital properties. The portfolio includes AOL, Evernote, WeTransfer, Vimeo, and Eventbrite. The result is a company claiming over 1 billion registered users and hundreds of millions of monthly active users across its portfolio.
Both Ferrari and Danieli are now billionaires.
