US ticketing and event management company Eventbrite has confirmed it will launch an initial public offering (IPO).

The news was confirmed in an S-1 form filed with the US Securities & Exchange Commission (SEC), following initial reports of an IPO last month.

Eventbrite will seek to launch the IPO on the New York Stock Exchange as a means to repay debt and raise working capital. The SEC filing gave an initial placeholder amount for the offering of $200m (£155.9m/€172.9m).

The filing illustrated that Eventbrite’s revenue for the first six months of 2018 increased to $142.1m from $88.2m for the equivalent period in 2017. However, the company’s net loss rose to $15.6m in the first half from $8.3m.

Eventbrite shares are expected to trade under the symbol EB with the offering to be led by underwriters including Goldman Sachs, JPMorgan Chase and Allen & Co.

Last year payments operator Square struck an agreement to process payments for the service, and made a $25m strategic investment in Eventbrite.

Earlier this month, Eventbrite completed a deal to acquire Picatic, a Vancouver-based ticketing and event registration platform.

Image: Eventbrite PR