Transport-booking app Trainline aims to raise £75mln through its initial public offering on the London Stock Exchange.
On Wednesday the company, which is owned by US private equity firm KKR, confirmed its intention to float 25% of its shares and said it was likely to take place in June.
READ: Trainline confirms plans for stock market listing in London
Trainline plans to use the proceeds of the listing to fund its expansion plans and build its profile.
Last week the Financial Times reported that the company was targeting a valuation of £1.5bn through the IPO, which is expected to be one of the biggest in the UK this year.
Trainline generated revenue of £210mln and core earnings of £53mln on the back of £3.2bn of tickets sales in 2019.
The site employs more than 600 people across its offices in London, Paris and Edinburgh and sells tickets on behalf of 220 transport providers in 45 countries.
It is not the first time Trainline has been expected to float. Former owner Exponent tried to list Trainline in 2014 but sold it to KKR for about £500mln a year later, instead.