Quickie: Bentley IPO now at $22/share
I am no expert at IPOs but this seems unusual to me: Bentley's offering had originally set a price range of $17 to $19 per share, then yesterday that range was upped to $19 to $21 -- and then last night, it was again raised, to $22/share. That means the selling...
Quickie: Bentley raises price in IPO
How interesting: Bentley just filed with the SEC to raise its price per share from $17 to $19, to $19 to $21 -- that ups the value of the shares being sold to a max of $259,580,811. Why raise the offering price? Typically, it's because there's more demand for the...
Quickies: Bentley sets IPO price, Altair acquires for HPC
I go away for a couple of days, and what happens? Yup. Newsy things! Here are two items of interest: Bentley issued another update to its IPO filing, this time with prices for the shares. You can see it here. (I have not read the whole thing, nor have I diffed it to...
Altair adds Univa to its HPC offering
Altair just announced that it has acquired Univa, a maker of workload management, scheduling, and optimization solutions for high-performance computing (HPC), on-premise and in the cloud. Altair says Univa's Grid Engine is a distributed resource management system that...
ESI Q2 revenue slowed, company sets up for growth
ESI Group reported Q2 results yesterday, to round out our PLMish earnings for the quarter ended June 30, 2020. First the details, then some comments: Total revenue in Q2 was €26 million, down 13% as reported and down 14% in constant currencies (cc)License revenue was...
Bentley’s S-1 shines a light on how private companies grow, “with engineers in charge”
As you probably know, Bentley filed to go public a few weeks ago. I put up a quick blog about the filing that evening and promised to read the whole thing and write about the highlights in a subsequent post. But I hit a snag. A Registration Statement, the S-1 a...
More details on AVEVA + OSIsoft — including about that rights offer
We've learned a bit more about the proposed combination of AVEVA and OSI since the announcement early last Tuesday. Much more will come out in six weeks or so when the official paperwork is filed but here's what I learned while listening to the investor and industry...
Autodesk’s Q2 revenue up 15%, comes out swinging on AEC
Autodesk has lost none of its swagger, yesterday reporting that total revenue was up 15%, with results across the metrics that investors look at ahead of consensus estimates. Even so, the company's guidance for its fiscal third disappointed, leading Autodesk's share...
AVEVA did it: reaches deal to acquire OSIsoft for $5 billion
Remember how AVEVA said it was in talks to acquire OSISoft? Appears they were successful: AVEVA just announced that it has reached agreement on the terms of an acquisition of OSIsoft at an enterprise value of $5.0 billion. Lots more detail to come but here's what we...
Bentley files its IPO — again. Finally.
So much S-1 to read ... so little time. You can see the filing for yourself here. A couple of quick highlights from the front of the document: This is an IPO for shares owned by others, as a way of creating a liquid market for Class B shares. Bentley states upfront,...