Bentley Systems files for an estimated $800 million IPO

Bentley Systems has 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.

Bentley Systems files for an estimated $800 million IPO
Bentley Systems files for an estimated $800 million IPO

Bentley Systems files for an estimated $800 million IPO

Bentley Systems filed on Friday with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal which could raise up to $800 million. Goldman Sachs, BofA Securities and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.

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 in revenue for the 12 months ending June 30, 2020.