Italian app powerhouse Bending Spoons has filed to go public, joining the ranks of tech giants like SpaceX and Anthropic. The company boasts over 500 million monthly active users across platforms such as Eventbrite and Vimeo.

Bending Spoons generated $1.31 billion in revenue last year, with Q1 showing a 132% year-on-year growth to $601 million. This impressive performance comes from mainly subscription-based services, accounting for a whopping 84% of its income.

The company has a history of acquiring struggling properties, including AOL and Evernote, then turning them around through cost-cutting measures and new business models. While investors like Baillie Gifford are betting big on Bending Spoons, only time will tell if the studio can continue its winning streak in the competitive tech market.

With a valuation that has skyrocketed from $2.8 billion in 2024 to an astounding $11 billion last year, Bending Spoons is set to IPO with a potential value of up to $20 billion. The question on everyone’s lips: will the studio's acquisitions pay off or will they stumble like previous ventures?