Overview
- Relativity said it has confidentially submitted a draft S-1 to the SEC for a proposed offering of its Class A common stock.
- The filing is not public, the share count and price range are undecided, and the deal remains subject to SEC review and market conditions.
- If it proceeds, the offering would be the first legal-technology IPO since 2021, when DISCO, Intapp and LegalZoom went public.
- The company recently rebranded as a legal data intelligence provider, reflecting expansion beyond its e-discovery roots.
- Analysts say the outcome could set valuation benchmarks for peers such as Clio, Harvey and Ironclad, while AI-related market swings, private-credit worries and geopolitics could influence timing and pricing.