Bending Spoons files $20B IPO as AI token pricing crisis looms

Italian tech builder Bending Spoons, owner of brands like AOL, Vimeo and Eventbrite, filed for a Nasdaq IPO targeting a valuation of at least $20 billion. The move follows a recent $11 billion funding round and reflects its strategy of acquiring and revamping digital businesses for recurring‑revenue growth.

TechCrunch reports that major AI firms are shifting from flat-rate to per‑token pricing as they prepare for IPOs, sparking a wave of cost‑pressure for startups reliant on AI APIs. The resulting "Tokenpocalypse" could force companies to curb usage or seek cheaper alternatives.