Via Transportation raises $493m in Wall Street IPO

Company Overview - Via Transportation, an Israeli smart public transport and mobility solutions company, has raised $493 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE) with a valuation of $3.65 billion [1] - The company was founded in 2012 by Daniel Ramot and Oren Shoval, initially starting as a shared transport app similar to Uber, but later pivoted to providing software solutions for urban transport authorities [3] IPO Details - Via sold approximately 10.7 million shares at $46 each, exceeding its initial pricing range of $40 to $44 per share [1] - The IPO was led by joint bookrunners including Goldman Sachs, Morgan Stanley, and others [2] Financial Performance - In the first half of 2025, Via reported revenue of $205.8 million, reflecting a 27% increase compared to the same period last year [5] - The company experienced a net loss of $37.5 million, an improvement from a net loss of $50.4 million in the corresponding period of the previous year [5] Technology and Market Position - Via's technology enables authorities to replace outdated systems with dynamic platforms based on data and demand, which reduces operating costs and enhances passenger experience [4] - The company operates in hundreds of cities across 30 countries and is recognized as a leading player in the smart transport sector [4]