how to buy bentley systems stock ipo
Source: istock

How to Buy the Bentley Systems Stock IPO


Sep. 23 2020, Updated 8:18 a.m. ET

Bentley Systems stock is about to debut on the public market. Bentley Systems is an American infrastructure software company founded in 1984. The company counts Siemens among its strategic investors. Bentley Systems' notable customers include oil major Royal Dutch Shell and Águas do Porto. 

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When is Bentley Systems' IPO date?

Bentley Systems' IPO date has arrived. The stock is expected to start trading on Nasdaq on Wednesday, Sept. 23. The stock will trade under the ticker symbol “BSY.” Bentley Systems' IPO sold 10.8 million shares at $22 per share, which is above the already boosted range of $19 – $21. Originally, the company indicated an IPO pricing range of $17 – $19. The IPO raised $237 million. 

bentley systems buying stock
Source: istock
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Should you buy the Bentley Systems stock IPO?

Many 2020 tech IPOs have soared. Bentley stock may be a good fit for investors seeking exposure to a small but profitable construction software company. The company turned a profit of $68.7 million on revenue of $379 million in the first half of 2020. The profit increased from $46.4 million and the revenue jumped from $347 million in the first half of 2019. 

Bentley Systems also exhibits strong growth potential. For example, the company's revenue of $768 million for the 12 months through June implies that it has only captured about 30 percent of the revenue opportunity in the construction software market. Therefore, Bentley Systems still has enough room to grow. The stock may also appeal to investors seeking alternatives to Autodesk, Oracle, and Trimble in the enterprise software space. 

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Where you can buy the Bentley Systems stock IPO

To be able to buy and sell publicly traded stocks, investors need to open a stock trading account. Many stockbrokers allow investors to set up stock trading accounts online from your smartphone or desktop device. 

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Regarding where to buy Bentley Systems stock, investors have many options. You can open an online stock trading account with Robinhood, SoFi Invest, Webull, Cash App Investing, Vanguard, M1 Finance, and Tastyworks. After creating a stock trading account, you will need to fund it by transferring money from your bank. Then you can start buying Bentley Systems stock. 

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How to buy Bentley Systems stock IPO on Robinhood

Robinhood’s pre-IPO stock purchase feature allows investors to buy stocks just as they debut on the public market, which may be ideal for investors seeking early exposure to Bentley Systems stock. Robinhood allows fractional shares purchases, which allows you to start investing with as little as $1. 

To be able to buy Bentley Systems stock on Robinhood, you will need to set up a Robinhood trading account. Robinhood offers three account types that investors can open for free. Also, Robinhood lets investors buy and sell stocks commission-free. Investors with a Robinhood Gold account can access stock research reports to help them pick the right investments. 


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