Bentley Systems, which provides infrastructure software, raised $236.5 million with its initial public offering.
Late Tuesday, Bentley sold 10,750,000 shares at $22 each, above its $19 to $21 price range. The company originally set its range at $17 to $19 and increased it yesterday. This usually indicates increased demand for the stock.
Bentley is expected to trade later Wednesday on the Nasdaq market under the ticker BSY.
Underwriters on the deal include Goldman Sachs and Bank of America Securities.
Bentley won’t be the only company going public on Wednesday. GoodRx and Corsair Gaming are also scheduled to make their trading debuts.
Keith and Barry Bentley, who are brothers, co-founded the company that bears their name in 1984. Another brother, Greg, joined the company in 1991. Greg is chairman, CEO, and president of Bentley, while Keith is chief technology officer and a director. Barry is a director, the