Via Valued at $3.5B in NYSE Debut Amid Market Entry

Via Transportation, a transit technology firm, debuted on the New York Stock Exchange Friday with a valuation of $3.5 billion. Although its shares initially opened 4.4% lower, the stock experienced a rebound, closing the trading day with a 7.6% gain. This initial public offering (IPO) represents a significant financial achievement for Via. The company, which raised $493 million through the IPO, has demonstrated investor confidence in its business model. Via provides software and operational services to public transit agencies, cities, and other institutions, a sector that has attracted considerable market interest.