Via 1 Transportation IPO is said to be well oversubscribed

Via 1 Transportation IPO is said to be well oversubscribed

Via Transportation, a technology company specializing in software solutions for transit operators and public agencies, has seen significant interest in its upcoming initial public offering (IPO). The company plans to issue 10.7 million shares at a price range of $40 to $44 per share, aiming to raise between $450 million and $471 million [1]. The IPO is expected to list on the New York Stock Exchange (NYSE) under the ticker symbol "VIA" and is being led by Goldman Sachs and Morgan Stanley as underwriters.

The IPO comes at a strategic time for the company, as the U.S. IPO market regains strength, buoyed by positive tech earnings reports and anticipation of interest-rate reductions. Via Transportation reported 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. Despite a net loss of $37.5 million in the first half of 2025, the company's losses narrowed significantly from $50.4 million a year earlier [1].

The company's platform offers a range of transportation solutions, including microtransit, school transportation, and paratransit, incorporating tools like scheduling, dispatch, compliance management, booking, and data analytics. Via Transportation serves 689 clients across more than 30 countries, with North America accounting for roughly 70% of its revenue and Europe for about 30% [1]. 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 [1].

Wellington Management has expressed interest in acquiring up to $100 million worth of shares in the offering, further indicating strong investor interest. The IPO pricing is expected to conclude around the week of September 8, 2025, with the first trading day anticipated to be September 12, 2025 [1].

References:
[1] https://www.ainvest.com/news/transportation-ipo-tech-enabled-transit-solutions-seek-3-5-billion-valuation-2509/