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NEW YORK - Via Transportation, Inc., a technology provider for public transit networks with annual revenue of $14.1 billion and EBITDA of $4.1 billion, announced Friday it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock.
The company has applied to list on the New York Stock Exchange under the ticker symbol "VIA," according to the press release statement. The number of shares to be offered and the price range have not yet been determined.
Goldman Sachs & Co. LLC, Morgan Stanley, Allen & Company LLC, and Wells Fargo Securities will serve as lead bookrunning managers for the offering. Additional firms including Deutsche Bank Securities, Guggenheim Securities, Citizens Capital Markets, Needham & Company, Oppenheimer & Co., Raymond James, William Blair, and Wolfe | Nomura Alliance are also participating as bookrunners.
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 currently utilized by hundreds of cities across more than 30 countries. With a robust gross profit margin of 41% and an overall "GOOD" Financial Health Score according to InvestingPro, Via has demonstrated strong operational efficiency. Get detailed IPO analysis and over 30 key financial metrics with InvestingPro’s comprehensive Research Reports, available for 1,400+ top stocks.
The offering remains subject to market conditions, and the company noted there is no assurance regarding whether or when the offering may be completed, or its final size and terms.
The registration statement filed with the SEC has not yet become effective, and the securities may not be sold until it does, according to the announcement.
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