HXGBF - IPO Update: Bentley Systems Finalizes IPO Terms
Quick Take
Bentley Systems (BSY) has filed to raise $194 million for selling shareholders from the sale of its Class B stock in an IPO, according to an amended registration statement.
The company provides infrastructure engineering software to clients worldwide.
BSY is growing topline revenue at a moderate rate, is producing strong profits and free cash flow, and the IPO appears reasonably valued, so is worth consideration.
Company & Technology
Exton, Pennsylvania-based Bentley was founded to develop workflow software for infrastructure engineering for public works, industrial and commercial facilities globally.
Management is