Bending Spoons, the Milan-based holding company behind legacy tech brands AOL and Eventbrite, priced its IPO at $29 per share Tuesday, topping the initial $26-$28 range. The deal raised roughly $1.68 billion and marks the company's debut on Nasdaq under ticker BSP, with Goldman Sachs and JPMorgan leading the offering.

Rather than positioning itself purely as an AI software business, Bending Spoons pitches itself as an acquisition machine. The firm consolidates over 50 digital companies with established brands, serving 500 million monthly active users through a centralized operating platform that improves margins across its portfolio.

First-quarter revenue hit $601.3 million, more than double the prior year's $258.9 million, while swinging to a $27.5 million profit from an $112.2 million loss. Subscription revenue accounted for 93% of total sales. The company previously raised $710 million at an $11 billion valuation and secured $2.8 billion in debt financing for the AOL acquisition and future deals.

Bending Spoons deployed $2 billion for acquisitions in early 2026 alone, up from $194 million throughout all of 2023. With over 1,000 potential targets representing $400 billion in combined annual revenue, the company plans to use cash flow from existing businesses to fund continued consolidation in the tech sector.

Investors are betting on Bending Spoons' ability to extract value from aging digital assets through operational efficiency rather than growth investments.