AOL is returning to the Nasdaq today under its parent company Bending Spoons, a Milan-based firm that acquired the once-dominant dial-up internet provider in January. Bending Spoons hopes to raise more than $1.6 billion in its US IPO for a top-end valuation of nearly $19 billion. The company has acquired more than 50 companies since its 2013 founding, including Vimeo, WeTransfer, and Eventbrite, and is known for cutting headcount and raising prices to squeeze revenue from its acquisitions. While Bending Spoons posted a net loss of $137,000 in 2025 on $1.3 billion in revenue, including all its acquisitions would have yielded a profit of $22.4 million on sales of $2.6 billion, and it netted $28 million in first-quarter earnings from sales of $601 million. The IPO filing also shows $4.4 billion in debt used to finance deals, and CEO Luca Ferrari has said the firm has more than 5,000 companies in its consideration pipeline.
Bending Spoons is going public via IPO, aiming to raise over $1.6 billion, which is a capital markets event.