Story perspectives

Bending Spoons IPO Raises $1.68B, Founders Retain Control Amid Layoffs

7/5/2026

Summary

Story summary

Bending Spoons went public on Nasdaq on 1 July 2026, raising $1.68 billion and briefly hitting a $25 billion market value.
Co-founders Matteo Danieli, Luca Ferrari, Francesco Patarnello and Luca Querella kept over 80 % voting control, becoming paper billionaires.
Revenue hit $1.31 billion in 2025 and $601 million in Q1 2026, with active users jumping from 111 million at end-2023 to over 500 million by March 2026.
Acquisitions led to about 1,830 layoffs, leaving roughly 650 core employees and debt near $4.4 billion.

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Story summary

Bending Spoons went public on Nasdaq on 1 July 2026, raising $1.68 billion and briefly hitting a $25 billion market value.
Co-founders Matteo Danieli, Luca Ferrari, Francesco Patarnello and Luca Querella kept over 80 % voting control, becoming paper billionaires.
Revenue hit $1.31 billion in 2025 and $601 million in Q1 2026, with active users jumping from 111 million at end-2023 to over 500 million by March 2026.
Acquisitions led to about 1,830 layoffs, leaving roughly 650 core employees and debt near $4.4 billion.