Geospatial - GISEngineeringMicrostation-Bentley

Bentley Systems Launches Initial Public Offering (IPO-IPO)

Bentley Systems announced the launch of the initial public offering of 10,750,000 shares of its Class B common shares. The Class B common shares being offered will be sold by existing Bentley shareholders. The selling shareholders expect to grant the underwriters in the offering a 30-day option to purchase up to 1.610.991 additional shares of Class B common shares from the selling shareholders. The estimated initial public offering price is between $ 17,00 and $ 19,00 per share. Bentley has applied to list its shares on the NASDAQ Global Select Market under the symbol "BSY."

Goldman Sachs & Co. LLC and BofA Securities are serving as the lead book managers and RBC Capital Markets is serving as book manager for the proposed offering. Baird, KeyBanc Capital Markets and Mizuho Securities are serving as co-managers of the proposed offering. The company's shares rose 52% on its first day of trading. The shares opened at $ 28 on Wednesday and closed at a high of $ 33,49 on the Nasdaq market.

Greg Bentley, President, CEO and President said that, on behalf of the company, he is pleased to have achieved this milestone. He added that they hope the IPO will catch the attention of the civil and structural engineers who build the world's wastewater, airport, road and airway systems.

Importance for Geoengineering?

Bentley has stood firm as one of the leaders in construction technology, betting on the integration of data management technologies in engineering projects and assets. What has brought about obtaining assertive and efficient processes where all kinds of impacts are identified early. This decision to go public is not a novelty, since they previously maintained these activities through private contracts, however, after almost 36 years this offer is opened completely publicly through Nasdaq Global Select Market.

For 36 years we have served engineers with our software, passionately believing that a better performing and more resilient infrastructure is essential to improving the quality of life for people everywhere, sustaining our environment and growing our economies. Greg Bentley, CEO of Bentley Systems.

It is inevitable not to ask ourselves: What is the importance of this step in the world of Geoengineering? In a way it will change how product procurement and construction-related event planning are handled, but not for the better, but for the better. Promoting the creation of solutions related to the infrastructure sector (both in public services, buildings, urban planning or water management), increasing the dynamism in the life cycle of information, construction and operation of objects, which is magnified by integrating with BIM and DT (Digital Twins, Digital Twins).

The mission of the Geoengineering professional is to enter this new world, which has made its way in a violent way, taking advantage of the technologies that make the design, modeling, analysis, storage, construction and monitoring of data easier. Each of the technologies present in the AEC chain (Architecture, Engineering, Construction) require absolute integration, DT and BIM could be the main methodologies for infrastructure management, but the spatial component should never be left aside. The combination BIM + DT + GIS is really powerful, and it is the basis that will remain prevalent in this 4th industrial revolution.


Taken from Twingeo Magazine 5th Edition

Golgi Alvarez

Writer, researcher, specialist in Land Management Models. He has participated in the conceptualization and implementation of models such as: National Property Administration System SINAP in Honduras, Management Model of Joint Municipalities in Honduras, Integrated Cadastre-Registry Management Model in Nicaragua, Territory Administration System SAT in Colombia . Editor of the Geofumadas knowledge blog since 2007 and creator of the AulaGEO Academy that includes more than 100 courses on GIS - CAD - BIM - Digital Twins topics.

Related Articles

Leave a comment

Your email address will not be published. Required fields are marked with *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button