Bentley Systems Inc

Bentley Systems Inc (BSY) priced its initial public offering on Sep 24, 2020 at $22.00 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $5.75B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, RBC Capital Markets and Baird and others. Simpson Thacher advised the company and Goodwin Procter and Whalen advised the underwriters.

Bentley Systems Inc, founded in 1984 by the Bentley brothers, provides software for infrastructure engineering. Its products serve civil, structural, geotechnical and plant engineering practitioners, project delivery enterprises and owner-operators of infrastructure assets.

Status

IPO

Ticker

BSY

Exchange

Nasdaq Global Select

Priced

Sep 24, 2020

IPO price

$22.00

Market cap at IPO price

$5.75B

First filed

Apr 23, 2002

Underwriters

Goldman Sachs, BofA Securities, RBC Capital Markets, Baird, KeyBanc and Mizuho

Company counsel

Simpson Thacher

Underwriters' counsel

Goodwin Procter and Whalen

Sector

Technology

Country / state

PA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.