Lendbuzz is going public.

The financial technology company that utilizes artificial intelligence and machine learning algorithms to better assess consumer credit risk and expand access to credit when purchasing a vehicle, announced on Friday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

Lendbuzz said it intends to list its common stock on The Nasdaq Global Select Market under the ticker symbol “LBZZ.”

According to a news release, the amount of common stock to be offered and the price range for the proposed offering have not yet been determined.

“Lendbuzz expects to complete the public offering after the SEC completes its review process, subject to market and other conditions,” the company said. “There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.”

Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets and Mizuho will act as lead book-running managers for the proposed offering.

TD Securities, Citizens Capital Markets, Keefe, Bruyette & Woods, a Stifel Company, and Needham & Company will act as passive bookrunners for the proposed offering.

“The principal purposes of this offering are to increase our capitalization and financial flexibility, create a public market for our common stock, and facilitate our future access to the capital markets,” Lendbuzz said in the SEC filing. “As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering. However, we currently intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures.

“We may use a portion of the net proceeds to repay all or a portion of any outstanding principal and interest under a $75.0 million committed line of credit with Bank Hapoalim,” the company added.