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Bentley Systems (BSY) has filed to raise $100 million in gross proceeds from an IPO of its Class B common stock, although the final amount may be as high as $800 million, according to an S-1 registration statement.
The firm provides construction and infrastructure software and related services to construction project engineers, managers and builders worldwide.
BSY continues to grow revenue and produce impressive financial and operating results even in the face of the Covid-19 pandemic.
I’ll provide a final opinion when we learn more about the IPO from management.