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Bentley Systems prices IPO at $22, above the upwardly revised range

September 22, 2020
BSY

Bentley Systems, which provides software for construction and infrastructure projects, raised $237 million by offering 10.8 million shares at $22, above the revised range of $19 to $21. The company had originally filed with a price range of $17 to $19. Bentley Systems plans to list on the Nasdaq under the symbol BSY. Goldman Sachs, BofA Securities and RBC Capital Markets acted as lead managers on the deal.