Legal data firm Relativity files for confidential US IPO
Chicago-based Relativity has filed for a confidential initial public offering in the United States. The AI software firm assists legal teams with data analysis.
Relativity, a Chicago-based legal data technology firm, announced on Thursday that it has submitted a confidential filing for an initial public offering in the United States. The company specializes in cloud-based software that leverages artificial intelligence to help legal teams analyze data and manage investigations, compliance, and other complex legal use cases.
While the company has moved forward with its plans, the specific number of shares to be offered and the price range for the proposed offering remain undetermined. Confidential filings with securities regulators allow companies to undergo the necessary preparations for a public listing without the immediate pressure of public market scrutiny.
