Bending Spoons CEO Luca Ferrari — photograph courtesy of Bending Spoons
The Italian technology company Bending Spoons, which acquired Eventbrite in December, Vimeo last September and former Hopin product Streamyard in the spring of 2024, has filed to go public. Citing people close to the matter, Reuters reported in April this could be an IPO in the $20 billion range.
Bending Spoons, named after the Matrix-popularized concept of bending spoons with one's mind, has been implementing its playbook across a wide variety of tech companies, a number of them at least tangentially related to event technology. Bending Spoons looks to "acquire, transform and optimize" companies, most of which are facing revenue-generating challenges, and then to reinvest in those companies with AI-driven features and approaches. This typically involves massive layoffs and the application of streamlined budget models.
Or as Bending Spoons puts it in the filing, they often bring established businesses back to startup mode. "When we acquire a business, we typically restructure it significantly, often transitioning to a much smaller, more talent-dense organization," reads the filing. "We also eliminate as many rules and processes as is feasible, while promoting greater individual responsibility and accountability. The goal is to accelerate the pace of innovation while achieving outstanding cost efficiency."
Turning around businesses
Eventbrite, Vimeo, Streamyard, AOL, Meetup, WeTransfer and Evernote are just some of the products now in the Bending Spoons portfolio. In March 2026, Bending Spoons businesses served more than 500 million active monthly users and more than 9 million monthly paying customers, according to the filing. Revenue grew from $387 million in 2023 to $1.31 billion in 2025.
But as the company clarifies in the filing, Bending Spoons is focused on the long run rather than on short-term gains.
Building Spoons executives see tremendous opportunity ahead. They claim to have identified more than 1,000 digital businesses, both private and public, as acquisition targets, representing nearly $400 billion in estimated aggregate revenue. "With AI as a potentially powerful tailwind, we believe we’re well positioned to grow for years to come," reads the filing.