Editor’s Note: Quantum computing stocks are soaring 187%, 413% and even 1,332%. Now a new quantum security company is preparing to open a final Pre-IPO financing – before going public on Nasdaq or the NYSE.
AOL is going public again this week.
Not on its own. AOL is now one of more than 50 digital businesses owned by an Italian company called Bending Spoons. Here are the details.
Bending Spoons
Nasdaq: BSP
IPO Price Range: $26 – $28 per share
Target Raise: $1.6 billion
Market Cap: $18.1 billion
IPO Date: July 1, 2026
You've probably never heard of Bending Spoons.
The company has spent the last 13 years rolling up legacy Internet businesses including AOL, Evernote, Eventbrite, Vimeo, WeTransfer and Brightcove. These ten core brands together serve over 500 million monthly active users.
The model is simple. Bending Spoons buys aging digital businesses, cuts costs, optimizes them, and reinvests the cash into the next acquisition.
It's a roll-up strategy. And the financials behind it are strong.
Do you want to invest in the next big quantum Pre-IPO? Here’s a link to get the details.
Revenue nearly doubled last year to $1.3 billion. First-quarter revenue jumped 132% from a year earlier. And unlike most fast-growing tech companies coming public, this one makes money. Net income was $376 million last year, and more than quadrupled to $206 million in the first quarter alone. Margins are wide too, with EBITDA running above 50%.
The company plans to list on the Nasdaq under the ticker BSP. Goldman is leading the deal.
At the top of the range, Bending Spoons would be valued around $18 billion. That's a healthy jump from the roughly $14.5 billion it fetched in a private round late last year.
Now look at the valuation against the growth.
The company plans to go public at about 34 times earnings. For a business growing revenue 95% a year — and growing earnings even faster — that price doesn't look too expensive. Plenty of slower-growing software names trade richer than that.
There's a debate worth knowing about.
Bulls see a repeatable software-turnaround machine. Buy a tired brand, fix the economics, fund the next deal.
Bears see a heavily leveraged collection of brands assembled during a generous funding cycle. The company carries nearly $5 billion in debt against $1.1 billion in equity.
Both can be true for a while. Strong growth covers a lot.
What makes this one interesting is the brand recognition. This IPO owns a collection of digital brands that most people are familiar with.
Bending Spoons is expected to price June 30 and start trading July 1. I'll be watching the debut.
Are you interested in investing in stocks – before the IPO?
I was recently in New York City to meet with leadership at a breakthrough quantum technology company.
It could be critical to securing banks, digital assets, medical records, and our nation’s infrastructure and defense systems from quantum computing threats.
The company is preparing to raise a FINAL Pre-IPO financing. I’m personally investing – and I’d like to share details with you.
Ian Wyatt
Editor, IPO Watch