Bentley Systems Inc.’s leap from a 36-year-old, family-run software provider for infrastructure design, construction and operation to a publicly traded company on Sept. 23 realizes a long-term goal to reward employees and offer "liquidity to our colleague shareholders,” says Greg Bentley, chairman and CEO.
All 10.75 million shares of Class B common stock put up in its initial public offering, listed on NASDAQ under the ticker symbol BSY, were held by employees and investors who own about one-third of company shares. and now gain $236.5 million in IPO proceeds.