Via Shrugs Off Tepid Open To End First Day Of Trading Slightly Above Ipo Price

Investors took a cautious attack to transit package startup Via’s IPO connected Friday, pinch shares opening beneath nan company’s IPO value earlier recovering astatine extremity nan time somewhat higher. 

The company, which initially revenge confidentially for IPO successful July, priced its IPO astatine $46 per share, raising $492.9 million. Those shares slipped to $44 erstwhile nan banal began trading Friday afternoon, and past inched backmost into nan greenish to decorativeness astatine conscionable complete $49. The humble summation values Via astatine astir $3.9 cardinal astatine nan adjacent of its first trading day.

Via raised astir $328 cardinal successful its IPO, while existing shareholders sold different $164 cardinal worthy of stock, bringing nan full woody size to astir $493 million.

“We’re highly pleased pinch nan consequence of today’s IPO, and we deliberation it is simply a testament to nan worth and durability of nan company,” Via CEO Damiel Ramot said. “We are grateful for nan feedback and support from our team, partners, and investors who made this milestone possible.” 

Via initially launched successful 2012 by deploying Via-branded shuttles that users could hail. Over time, Via improved its on-demand routing algorithm, which uses real-time information to way microtransit shuttles to wherever they’re needed most. Now, that tech is its halfway business, which it sells to 689 cities and transit agencies to powerfulness their microtransit.

Ramot told TechCrunch nan institution would usage nan proceeds to put successful growth, sales, and marketing. And possibly moreover an acquisition, successful nan future.

“We’re not needfully looking to raise costs to thrust operations,” Ramot said. “There whitethorn beryllium an opportunity for america to usage nan proceeds and nan rate of a nationalist banal to make immoderate absorbing acquisitions for illustration we did pinch Remix and CityMapper.”

Via acquired Remix for autobus readying successful 2021, and CityMapper for travel readying successful 2023. Ramot said he’s unfastened to different complementary acquisitions, alternatively than acquisitions to summation marketplace share. 

Via gross has accrued astir 30% year-over-year. The institution told TechCrunch that it expects to gain astir $429 cardinal successful gross successful 2025, a projection based connected its quarterly gross times four.

Via closed nan first six months of 2025 pinch $205.7 cardinal successful revenue. But nan institution is still successful nan red, though that nonaccomplishment is shrinking. The first six months of 2025 ended astatine a nonaccomplishment of $37.5 million, down from $50.4 cardinal nan erstwhile year.

Ramot said Via is adjacent to profitability, but declined to springiness circumstantial projections.

The executive says Via’s maturation is impervious that authorities customers tin prolong a lucrative business. 

“Most tech companies going nationalist are not very focused connected this sector, connected helping section government,” he said, adding that nan exertion Via provides chiefly benefits riders of microtransit and paratransit systems, nan group who trust connected buses to get around. 

“Low income people, group pinch disabilities, students – those are nan demographics that we typically support,” he said. “It’s really bully to spot investors really support that.”