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NEW YORK - Via Transportation, Inc., a technology provider for public transit networks, announced the pricing of its initial public offering at $46.00 per share. The company is offering 7,142,857 shares of Class A common stock, while selling stockholders are offering an additional 3,571,428 shares. The stock currently trades at $42.00, giving the company a market capitalization of $3.3 billion. According to InvestingPro analysis, the stock appears overvalued at current levels.
The shares are expected to begin trading on the New York Stock Exchange today under the ticker symbol "NYSE:VIA." The offering is scheduled to close on September 15, 2025, subject to customary closing conditions.
Via has granted underwriters a 30-day option to purchase up to an additional 1,607,142 shares at the initial offering price, less underwriting discounts and commissions.
Goldman Sachs & Co. LLC, Morgan Stanley, Allen & Company LLC, and Wells Fargo Securities are serving as lead bookrunning managers for the offering. Deutsche Bank Securities and Guggenheim Securities are acting as bookrunners, with several additional firms including Citizens Capital Markets, Needham & Company, and others serving as additional bookrunners.
The Securities and Exchange Commission declared effective Via’s registration statement on Form S-1 on September 11, 2025.
Via describes itself as a technology platform that helps transform public transportation systems into dynamic networks based on data and demand. The company’s software and technology-enabled services are used by hundreds of cities across more than 30 countries to connect people with jobs, healthcare, and education. InvestingPro data shows Via generated revenue of $380.8 million in the last twelve months, with a gross profit margin of 39.6%. While the company maintains strong liquidity with a current ratio of 2.1, it remains unprofitable with negative EBITDA of $62.1 million.
This article is based on information from a company press release statement. InvestingPro subscribers have access to additional insights, including multiple ProTips and detailed financial metrics that can help evaluate Via’s investment potential. Get the full analysis and discover more investment opportunities with InvestingPro.
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