Bentley Systems IPO rides digital twin wave

摘要

Shares in infrastructure software company Bentley Systems have risen by 80% following its IPO last month, serving as a ringing endorsement of the firm's strategy to provide an open-source software platform for the complete digital representation of infrastructure assets, or 'digital twins'. The initial offering of 10.75 million Class B shares priced at $22 on the NYSE, raising $236.5 million and valuing Bentley at $5.7 billion. The share price has since increased to above $40, equating to a market capitalisation of over $10 billion.