Bentley Systems files for IPO
Bentley Systems, Incorporated (“Bentley”) announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a proposed initial public offering (IPO) of its Class B common stock.
- The shares of Class B common stock to be sold in the offering will be sold by existing stockholders of Bentley. The number of shares to be offered and the price range for the offering have not yet been determined. Bentley intends to list its shares on the NASDAQ Global Select Market under the symbol “BSY”, said the company in a statement.
Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets is acting as a book-running manager for the proposed offering. Baird, KeyBanc Capital Markets and Mizuho Securities are acting as co-managers for the proposed offering.
A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
The proposed offering will be made only by means of a prospectus.
- Once available, a copy of the preliminary prospectus related to the offering may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at firstname.lastname@example.org, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by e-mail at email@example.com .
Bentley Systems is a leading global provider of software for infrastructure engineering, providing solutions via on-premise, cloud, and hybrid environments. The company served over 34,000 accounts in 2019, and its users engineer, construct, and operate projects and assets across the public works, industrial, and commercial/facilities sectors. The Exton, PA-based company was founded in 1984 and booked 768 million US Dollars in revenue for the 12 months ended June 30, 2020.
In November 2019, Delete received a consent from the noteholders of its senior secured floating rate notes to proceed with the divestment of one or several of its business areas or sub-segments thereof, other than the Cleaning Services business area. The consent was received on the condition that the net proceeds received from such divestments would be used towards early partial redemption of the notes.
Siemens and SAP SE have announced a new partnership that will leverage their industry expertise and bring together their software solutions for product lifecycle, supply chain, and asset management so their customers can deliver new business models that will accelerate industry transformation globally.