Legal AI startup Harvey has held early talks about an IPO

What happened: Legal AI startup Harvey has held preliminary talks with lawyers at Latham & Watkins about an IPO, with no listing imminent. Key numbers: Recently valued at $15.5 billion. Crossed $400 million in annual recurring revenue in September. Raised $550 million in a fall round led by Diffusion and Lightspeed. More than 3,500 customers, including 80% of the top 100 US law firms. Why it matters: Harvey is likely to watch how upcoming tech listings fare, and a strong showing from Anthropic could open the door for younger companies to test the public markets.

Legal AI startup Harvey has held preliminary talks with lawyers at Latham & Watkins about an IPO, with no listing imminent.

Harvey is likely to watch how upcoming tech listings fare, and a strong showing from Anthropic could open the door for younger companies to test the public markets.