Milan’s Bending Spoons, owner of Evernote and Vimeo, files for US IPO
▼ Summary
– Bending Spoons acquires existing apps, fixes their finances, and operates them rather than building new ones.
– The Milan-based company owns apps including Evernote, WeTransfer, and Vimeo.
– Bending Spoons has filed for a US initial public offering by submitting a Form F-1 to the Securities and Exchange Commission.
Bending Spoons doesn’t build apps from scratch. Instead, it acquires struggling digital products, streamlines their finances, and runs them profitably. Now the Milan-based company wants Wall Street to invest in that model. The group behind Evernote, WeTransfer, and Vimeo has officially filed for a US initial public offering, submitting a Form F-1 to the Securities and Exchange Commission. The move signals a major milestone for the Italian tech firm, which has quietly built a portfolio of well-known but financially troubled platforms. By buying underperforming apps and cutting costs, Bending Spoons has turned them into moneymakers. Its IPO filing suggests the strategy is ready for a broader audience. The company plans to list on the Nasdaq, though the exact timing and share price remain undisclosed. Investors will now get a chance to bet on a rollup model that has already reshaped the productivity and media software landscape.
(Source: The Next Web)
