Eventbrite and Vimeo owner Bending Spoons files to go public
Quick Answer
Bending Spoons, the parent company of Eventbrite and Vimeo, has filed for an IPO, highlighting its impressive user base of over 500 million monthly active users.
Quick Take
This move signals the company's growth and ambition in the tech landscape, aiming to leverage its extensive reach in the app market.
Key Points
- Bending Spoons serves over 500 million monthly active users.
- The IPO filing indicates significant growth potential for the company.
- The company owns popular platforms like Eventbrite and Vimeo.
- This move could enhance Bending Spoons' market position in the tech industry.
📖 Reader Mode
~2 min readItalian app studio Bending Spoons, which has acquired businesses like Eventbrite, Vimeo, and WeTransfer in recent years, has filed to go public in the U.S. The company joins other names like SpaceX and Anthropic that are preparing to IPO this summer.
The company said it has over 500 million monthly active users across its apps, with 9 million paying customers. To date, it has made over 50 acquisitions, including AOL, Eventbrite, Vimeo, Komoot, WeTransfer, Evernote, and Brightcove.
In its filing with the Securities and Exchange Commission, Bending Spoons said it ended the year with $1.31 billion in revenue and has generated $601 million in Q1, a 132% year-on-year jump. The company gets the majority of its revenue from subscriptions, which account for 84% of its business. It generated $27.4 million in profit in Q1 2026.
The company raised funding at an $11 billion valuation last year, up from $2.8 billion in 2024. In April, Reuters reported that the company could seek a $20 billion valuation with the IPO.
Investment management firm Baillie Gifford holds a big chunk of the company, with other institutions such as Cox Enterprises, Durable Capital Partners, and Fidelity also on the list of backers.
Bending Spoons typically acquires a property whose business is not in a healthy state, trims the teams, and pushes it to profitability with different kinds of subscription structures.
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Ivan covers global consumer tech developments at TechCrunch. He is based out of India and has previously worked at publications including Huffington Post and The Next Web.
You can contact or verify outreach from Ivan by emailing im@ivanmehta.com or via encrypted message at ivan.42 on Signal.
— Originally published at techcrunch.com
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