AOL and Eventbrite Owner Bending Spoons Files for US IPO, Seeks $20 Billion-$22 Billion Valuation

businessstocks 7 posts · 6 accounts

Bending Spoons, the Italian software company that owns AOL and Eventbrite, filed a Form F-1 with the US Securities and Exchange Commission for an initial public offering under the symbol BSP, seeking a valuation of about $20 billion to $22 billion. The company reported $600 million in revenue and $27.5 million in profit in the first three months of the year.

The business has expanded through a 16-company roll-up that includes Evernote, WeTransfer, Vimeo, Meetup, komoot, Brightcove and Remini, acquiring mature digital businesses and integrating them into its operating platform. Revenue has tripled in two years. The company also carries significant debt, while reporting high subscription retention and limited reliance on paid user acquisition.

From the sources (7 posts)

@danprimack

Bending Spoons, owner of AOL and Eventbrite, files for IPO

@sebjohnsonuk

Bending Spoons has just filed for a US IPO. In the first 3 months of this year it recorded $600m of revenue and $27.5m of profit. The Italian company is known for buying smaller, struggling tech companies and turning them into cash gener

@tbpn

BREAKING: Bending Spoons, owner of AOL and Eventbrite, files for IPO

@katie_roof

RT @SaaSletter: 👀 Bending Spoons $BSP files for IPO: - roll-up w/ Eventbrite, Evernote, Vimeo, Brightcove, Streamyard, AOL, WeTransfer + m…

@trace_cohen

The Italian app empire goes public $BSP Bending Spoons has quietly bought 16 companies - Evernote, WeTransfer, Vimeo, AOL, Eventbrite, Meetup, komoot, Brightcove, Remini - and now files Form F-1 with the SEC. Revenue tripled in two years

@eric_seufert

Bending Spoons has filed for an IPO, targeting a $20-22 billion valuation. The company’s roll-up strategy focuses on acquiring post-peak yet stable digital businesses and integrating them into its proprietary operating platform. Despite car

@trace_cohen

RT @Trace_Cohen: The Italian app empire goes public $BSP Bending Spoons has quietly bought 16 companies - Evernote, WeTransfer, Vimeo, AOL…

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