Via Transportation, which provides local governments with a platform for rideshare and transit services, announced terms for its IPO on Wednesday.
The New York, NY-based company plans to raise $450 million by offering 10.7 million shares (33% secondary) at a price range of $40 to $44. New investor Wellington Management has indicated on $100 million worth of shares in the offering (22% of the deal). At the midpoint of the proposed range, Via Transportation would command a fully diluted market value of $3.8 billion.
Via develops technology for public transit agencies and operators to plan, manage, and optimize services such as microtransit, school transport, and paratransit. Its platform combines scheduling, dispatch, compliance, passenger booking, and data analytics, with optional services like fleet procurement and call center support. Via serves 689 customers in over 30 countries in North America (70% of revenue) and Europe (30%), mostly government agencies (>90% of revenue), including transit services in Sarasota, Florida, and Raleigh, North Carolina. The company believes it has reached about 1% of its estimated $545 billion addressable market.
Via Transportation was founded in 2012 and booked $381 million in revenue for the 12 months ended June 30, 2025. It plans to list on the NYSE under the symbol VIA. Goldman Sachs, Morgan Stanley, Allen & Company, Wells Fargo Securities, Deutsche Bank, and Guggenheim Securities are the joint bookrunners on the deal. It is expected to price during the week of September 8, 2025.
