Via Transportation files confidentially for US IPO
Public transit tech firm eyes Wall Street debut after shelving earlier offering.
Via Transportation announced on Wednesday that it has confidentially filed a draft prospectus with the U.S. Securities and Exchange Commission for an initial public offering of its shares. The number of shares to be offered and the price range for the proposed IPO have not yet been determined.
The draft prospectus is expected to receive SEC approval once the review process is complete, subject to market conditions and other considerations. The company has not published any further details beyond the prospectus. In its most recent fundraising round in February 2023, Via was valued at $3.5 billion. The company also filed a confidential prospectus in 2021, but that IPO was postponed following the market downturn.
Founded in 2012 by Daniel Ramot and Oren Shoval, Via provides end-to-end digital infrastructure for public mobility. The company currently employs approximately 1,100 people, and its annual revenue is estimated at several hundred million dollars.
Via’s platform is now used in more than 650 cities across about 30 countries, including major cities such as San Francisco, Seattle, New York, Miami and London. Entire countries and regions, including Estonia, Luxembourg and Flanders, have also adopted the company’s technology as a strategic solution for public transit. Smaller cities like Sioux Falls, South Dakota; Arlington, Texas; and Wilson, North Carolina also use Via’s platform to manage local transit services.
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Since its founding, Via has raised a total of $1 billion. In its most recent round in 2023, it raised $110 million at a $3.5 billion valuation. An earlier round in 2021 also valued the company at $3.5 billion, and in 2020 it raised $400 million at a valuation of $2.2 billion. Investors include Exor, 83North, Janus Henderson and BlackRock.
