business
AOL's owner, Bending Spoons, hits Wall Street with $1.7 billion IPO
By Damian J. Troise, Associated Press at KSAT 12 (ABC affiliate)
· July 1, 2026
· 2 min read
The owner of AOL and other tech businesses hit Wall Street with a $1.7 billion initial public offering Wednesday.Bending Spoons priced 58 million shares at $29 apiece. The company is getting $1 billion in proceeds, while the rest is going to shareholders. The stock surged 39.7% in its first day o...
Key takeaway Bending Spoons priced 58 million shares at $29 apiece.
Why this matters in The San Antonio
As Bending Spoons makes its mark on Wall Street, San Antonio 's own thriving tech industry may take notice of the company's strategy of acquiring and overhauling troubled tech companies. With a focus on subscription-based revenue and a portfolio of well-known holdings like AOL and Eventbrite, Bending Spoons' approach could have implications for local startups and entrepreneurs looking to scale their businesses. San Antonio's business community may be interested in exploring potential partnerships or investments with companies like Bending Spoons, which could bring new opportunities for growth and innovation to the area. Additionally, the company's use of AI technology to redesign its acquired businesses could be of particular interest to San Antonio's own AI and cybersecurity sectors, which have been growing in recent years. As the local tech industry continues to evolve, it will be worth watching how companies like Bending Spoons navigate the market and potentially create new opportunities for San Antonio's business community.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 1, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 2 min
Get more The San Antonio stories like this
Free weekly briefing covering business and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? The owner of AOL and other tech businesses hit Wall Street with a $1.7 billion initial public offering Wednesday.Bending Spoons priced 58 million shares at $29 apiece. The company is getting $1 billion in proceeds, while the rest is going to shareholders. The stock surged 39.7% in its first day o...
When was this published? This article was first published on July 1, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Damian J. Troise, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
← Back to all news
More business →
Today’s briefing
Subscribe to newsletter