New York – Via, the transit software company, concluded its first day of trading on the New York Stock Exchange (NYSE) with shares closing at $49.51, marking a 7.6% increase above its initial public offering (IPO) price of $46. This successful debut positions Via with an approximate market capitalization of $3.9 billion, following the company's raise of $492.9 million, as reported by Rebecca Bellan of TechCrunch.
Via specializes in providing technology solutions for on-demand public transit, paratransit, and school transportation systems globally. The company's platform leverages artificial intelligence and machine learning to optimize vehicle routing, scheduling, and passenger management, aiming to enhance the efficiency and accessibility of public transportation. Via partners with hundreds of cities and transit agencies across more than 30 countries to modernize their transportation infrastructure.
The IPO involved the sale of approximately 10.7 million shares by Via and existing investors, priced at $46 each, above the initial marketed range of $40 to $44. This pricing gave Via an initial valuation of $3.65 billion. "We’re extremely pleased with the result of today’s IPO, and we think it is a testament to the value and durability of the company," stated Via CEO Daniel Ramot, according to TechCrunch.
The successful public offering highlights a broader resurgence in the U.S. IPO market during the autumn of 2025, influenced by growing expectations of interest rate cuts and renewed investor confidence. Via's financial disclosures revealed a 35.6% year-over-year revenue increase in 2024, reaching $337.6 million, with losses narrowing to $91 million from $117 million in 2023. The company reported a net loss of $37.5 million for the first half of 2025.
The capital raised from the IPO is earmarked for strategic investments in growth, sales, and marketing, as confirmed by CEO Ramot. The funds are also expected to support research and development, potential strategic acquisitions, and the scaling of operations across its global footprint, further solidifying Via's position in the evolving mobility-as-a-service (MaaS) sector.