Via Transportation, the New York–based technology company that develops software solutions for transit operators and public agencies worldwide, has officially announced the terms of its initial public offering (IPO). The company plans to offer 10.7 million shares of Class A common stock at a price of $40 to $44 per share, with the potential to raise approximately $450 million to $471 million, depending on the final share count and whether underwriters exercise their overallotment options.

Achieving a valuation of up to $3.5 billion—consistent with its 2023 funding round led by 83North—Via expects to list its shares on the New York Stock Exchange under the ticker symbol “VIA”.

Wellington Management has expressed interest in acquiring up to $100 million worth of shares in the offering.

The IPO comes at a strategic time for Via, as the U.S. IPO market regains strength, buoyed by positive tech earnings reports and anticipation of interest-rate reductions. The successful debuts of other tech-driven companies like Figma and Bullish have also fuelled investor optimism.

In its SEC filing, Via disclosed a 27% year-over-year revenue increase in the first half of 2025, reaching $205.8 million, compared to $162.6 million in the prior year. Meanwhile, net losses narrowed to $37.5 million, improving from $50.4 million a year earlier.

The net proceeds from the offering are earmarked for general corporate purposes, focused on market expansion and increased investments in sales and marketing.

Founded in 2012 and headquartered in New York, Via offers a platform that powers on-demand, demand-responsive transit systems. Its services span microtransit, school transportation, and paratransit, incorporating tools like scheduling, dispatch, compliance management, booking, and data analytics—with additional offerings such as fleet procurement and call-center support. The firm serves 689 clients across more than 30 countries, with North America accounting for roughly 70% of its revenue and Europe for about 30%.

Despite its extensive footprint, Via estimates its market penetration is still only about 1%, against a $545 billion total addressable market—highlighting significant room for growth.

Via confidentially filed its S-1 with the SEC in late 2021 and publicly disclosed its intent in August 2025. The IPO pricing is expected to conclude around the week of September 8, 2025, and industry estimates anticipate the first trading day to be September 12, 2025.

Lead underwriters include Goldman Sachs, Morgan Stanley, Allen & Company, and Wells Fargo Securities.