We have no idea where to start with this. Bentley Systems has sent out a press release stating that it has confidentially submitted a draft registration form S-1 with the Securities and Exchange Commission relating to its proposed public listing of its Class B common stock.
As many of you Bentley watchers know, the company has been flirting with the idea of going public for years. Then they’ve gone quiet because the Magic 8 Ball said: “all signs point to probably not, no definitely not, maybe.”
Are they ready to pull the trigger this time? “It is not for us to say.” Instead, here’s the release. Make of it what you will. The company has long been tired of being the secret weapon for large construction and infrastructure projects but the family-owned business does not relish the idea of investor input and/or interference either.

EXTON, Pa.–(BUSINESS WIRE)–Feb 13, 2020–

Bentley Systems, Incorporated today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed public listing of its Class B common stock. The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200213005933/en/