Bentley Systems shares rose 52% in market debut

Bentley is not one’s typical candidate for a software technology IPO. The company is successful and predictable and generates lots of cash.

Bentley Systems shares rose 52% in market debut
Bentley Systems shares rose 52% in market debut

Bentley Systems shares rose 52% in market debut

Bentley Systems shares rose 52% in their first day of trading. The stock opened on Wednesday at $28 and closed at its high, $33.49, in Nasdaq trading. 

Barron’s quoted Greg Bentley, chairman, CEO, and president as saying that he is gratified on behalf of the company on accomplishing this milestone.

Bentley is not one’s typical candidate for a software technology IPO. The company is successful and predictable and generates lots of cash.

It even offers a regular dividend. Greg Bentley added that they hope that the IPO will catch the attention of the civil and structural engineers who build the world’s wastewater systems, airports, roadways and airways.

He mentioned that neither the family, nor the company will benefit from the IPOs. It is their employees who will benefit from the offering.

He believes that software companies depend on their people, on attracting the best talent. It is the secret sauce of equity ownership.

The IPO will also raise Bentley’s profile. They would like to improve the company’s marketing as a public company.