Via Transportation Goes Public, Raising $493M Amid IPO Market Rebound

Via Transportation, a transit technology firm, and select existing investors successfully raised $492.9 million in a U.S. initial public offering (IPO) on Thursday, valuing the company at $3.65 billion. The New York-based company sold approximately 10.7 million shares at $46 each, surpassing its initial price range of $40 to $44 per share. This successful offering highlights a notable resurgence in the U.S. IPO market during autumn 2025. Factors contributing to this trend include a robust stock market, increasing anticipation of interest rate cuts, and diminished concerns regarding U.S. President Donald Trump's tariffs. The strong market sentiment was recently underscored by the debut of Swedish fintech firm Klarna, whose shares saw a 30% increase upon opening on Wednesday. Founded in 2012, Via has developed technology that integrates on-demand shared rides with intelligent routing to enhance public transit systems. Addressing growing urban congestion and environmental challenges, Via's platform has been adopted in hundreds of cities across more than 30 countries. The company's journey to the public market included a confidential IPO filing in late 2021 and a 2023 funding round led by venture firm 83North, which valued Via at $3.5 billion. Goldman Sachs, Morgan Stanley, Allen & Company, and Wells Fargo acted as lead underwriters for the offering. Via Transportation is scheduled to list its shares on the New York Stock Exchange on Friday under the ticker symbol "VIA." The company will join other firms, including cryptocurrency exchange Gemini and engineering service provider Legence, which are also slated to go public on the same day.