Investigative analytics and intelligence software company Nuix has already baked in a legal loss to former CEO Eddie Sheehy, who is claiming to be owed tens of millions of dollars worth of options, in the prospectus for its initial public offering.

The company, which lodged its prospectus late on Wednesday, is slated to come to market with a $1.8 billion market capitalisation, but if it wins the case against Sheehy, its market capitalisation would be $1.7 billion, at its $5.31 issue price.