Vimeo, Evernote and WeTransfer Parent Bending Spoons Targets Up to $1.62B IPO …

Bending Spoons SpA, the Italian software acquisition firm that owns Vimeo, Evernote and WeTransfer, is seeking to raise as much as $1.62 billion through an initial public offering, according to a filing with the U.S. Securities and Exchange Commission. The Milan-based company plans to offer 58 million shares priced between $26 and $28 each. Bending Spoons will sell approximately 34.4 million shares, while existing shareholders, including Galileo Quattordici and Baillie Gifford, will offer 23.6 million shares. At the top end of the proposed range, the IPO would value the company at approximately $17.8 billion. The valuation represents a significant increase from the roughly $14.5 billion valuation achieved during a 2025 financing round that included $270 million in primary capital, $440 million in secondary capital and a $2.8 billion debt package, according to PitchBook data. Founded in 2013, Bending Spoons has built a reputation for acquiring established software and digital media businesses and applying a private-equity-style operating model focused on efficiency and profitability. Its portfolio includes the video platform Vimeo, acquired in 2025, as well as the file-sharing service WeTransfer, the note-taking platform Evernote, and the AI-powered photo application Remini. The company reported net income of $27.5 million on revenue of $601 million for the first quarter
Read More