Bridge’s IPO Talks, Telerate Conversions Dominate The Year

YEAR IN REVIEW, 1999

Bridge’s plans for an Initial Public Offering provided the market with much speculation through 1999. Bridge also spent a large part of the year restructuring its top-level management and dealing with conversion issues for its remaining Telerate customer base.

Speculation about a series of IPOs was prompted by the company’s restructuring into separate operating units, and the belief that Bridge’s key shareholder Welsh Carson Anderson & Stowe (WCAS) would want to get a return on its investment