Bending Spoons has filed for an IPO on the Nasdaq, marking a significant milestone for the Italian mobile app developer. Founded in 2013 by CEO Luca Ferrari, the company has raised over $600m from investors including Baillie Gifford, Ryan Reynolds and Endeavor Catalyst. Its $11bn valuation from October 2024 reflects rapid growth through aggressive acquisitions.

The firm specializes in acquiring struggling apps and products, then restructuring them rapidly. Recent purchases include Eventbrite, WeTransfer and AOL. Bending Spoons typically lays off most staff and implements growth strategies to revive these businesses. This turnaround approach has proven successful, generating $1.3bn in revenue last year with $601m recorded in Q1 2026 alone.

Ferrari indicated in April 2025 that the company could IPO immediately but had no immediate plans. The filing reveals Bending Spoons has identified more than 1,000 potential acquisition targets. This aggressive acquisition strategy positions the company as a consolidator in the mobile app market.

The move follows a wave of European startups choosing US markets, including Oura. Bending Spoons' public offering will test investor appetite for turnaround-focused tech companies with proven execution capabilities.