Industry sources say the lights have been burning late at design software vendor Bentley Systems Inc. in preparation for the company going public.
According to sources, the Exton, Pa.-based company is preparing a registration statement for the Securities and Exchange Commission for an initial public offering of its stock. Bentley officials could not be reached for comment. Whether the offering would be successful and how much money would be raised is unknown, but the process would make public much information about the privately held company. Registration statements have to comply with full disclosure requirements of the SEC.