Bending Spoons, the Italian app giant with over 500 million monthly users, is preparing for a major U.S. IPO this summer, joining a crowded field that includes SpaceX and Anthropic. The company’s acquisition spree—50+ companies including AOL and Evernote—has fueled its growth, with $1.31 billion in revenue last year and a 132% Q1 surge to $601 million. Eighty-four percent of its cash comes from subscriptions, and its valuation has skyrocketed from $2.8 billion in 2024 to an estimated $20 billion. Backed by Baillie Gifford and others, Bending Spoons’ playbook? Buy struggling apps, streamline teams, and monetize them via subscriptions—a strategy that’s clearly paying off.
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