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Investing.com -- Via Transportation Inc., a tech company focused on urban mobility solutions, is reviving its plans for an initial public offering after previously filing in 2021, Bloomberg reports.
The company announced Wednesday that it has not yet determined the number of shares to be offered or the price range for the proposed offering. Via is working with Goldman Sachs Group Inc (NYSE:GS)., Morgan Stanley (NYSE:MS) and Allen & Co. on the listing, according to Bloomberg, citing a person familiar with the matter who requested anonymity.
Via was valued at $3.5 billion following a 2023 funding round led by venture capital firm 83North. Other investors in the company include Exor NV (AS:EXOR), Pitango and Janus Henderson.
The transportation tech company joins software design maker Figma Inc. in pursuing a public listing despite recent market volatility following US President Donald Trump’s tariff announcements. Some other firms have opted to pause their IPO plans over the past year.
Via had previously filed IPO documents confidentially with the US Securities and Exchange Commission in 2021 but later withdrew them, citing unfavorable macroeconomic conditions, including the war in Ukraine.
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