Baird served as a bookrunner on this offering
AboutBentley Systems, Inc. (“Bentley” or “the Company”) (NASDAQ: BSY), recently completed a follow-on offering of 11,500,000 shares of its Class B common stock, consisting of 8,103,965 primary shares and 3,396,035 shares to be sold by existing stockholders of Bentley, which includes the exercise in-full of the underwriter’s overallotment option. The offering priced at $32.00 per share, generating gross proceeds of $368.0 million. The Company intends to use the net proceeds from the sale of its shares in the offering to repay existing indebtedness under its credit facilities.
Bentley is a leading global provider of software for infrastructure engineering, enabling the work of civil, structural, geotechnical, and plant engineering practitioners, their project delivery enterprises, and owner-operators of infrastructure assets. The Company was founded in 1984 by the Bentley brothers. Bentley’s commitment is to develop and support the most comprehensive portfolio of integrated software offerings across professional disciplines, project and asset lifecycles, infrastructure sectors, and geographies. The Company’s software enables digital workflows across engineering disciplines, distributed project teams, from offices to the field, and across computing form factors, including desktops, on-premises servers, cloud-native services, mobile devices, and web browsers. Bentley is headquartered in Exton, Pennsylvania.
CONTACT US TO LEARN MORE
- November 2020
- Bentley Systems, Inc.
- Technology & Services
- Target Location
- North America
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