Silver Lake-Backed Relativity Said to Tap Banks for US IPO

Relativity, a legal data firm backed by Silver Lake, has picked banks to help arrange for an initial public offering, according to people familiar with the matter.

The Chicago-based company is working with Goldman Sachs Group Inc., JPMorgan Chase & Co., and Barclays Plc targeting a first-time share sale that would value the company at around $4 billion and that could take place as soon as the first half of this year, the people said. An IPO could raise about $750 million, one of the people said.