Relativity, a legal data firm backed by private equity firm Silver Lake, has selected banks to arrange its initial public offering, according to sources. This move signals the company's intent to go public, potentially raising significant capital. The choice of financial institutions marks a key step in Relativity's capital markets strategy, though specific deal terms remain undisclosed. Relativity and Silver Lake are now focused on navigating the complex IPO process, which could position the legal data provider for greater market visibility and growth opportunities.