Via Transportation Sets IPO Valuation Goal at $3.2 Billion to $3.5 Billion with NYSE Debut

Via Transportation, an Israeli company specializing in smart public transport and mobility solutions, has set its sights on a valuation between $3.2 billion and $3.5 billion with its upcoming initial public offering (IPO) on the New York Stock Exchange. The company plans to issue 10.7 million Class A shares at an indicative price range of $40 to $44 per share, aiming to raise between $286 million and $314 million directly, with existing shareholders expected to contribute an additional $143 million to $157 million from their share sales. This places the total funds sought at between $428 million and $471 million.

The IPO, represented by joint bookrunners including Goldman Sachs, Morgan Stanley, Allen & Co., Wells Fargo Securities, Deutsche Bank, and Guggenheim Securities, also grants the underwriters a 30-day option to purchase up to an additional 1.6 million shares. The offering's success remains contingent on current market conditions, with the shares to commence trading under the ticker symbol "VIA".

Founded in 2012 by Daniel Ramot and Oren Shoval, Via made its debut as a shared transport service similar to Uber, but later pivoted to provide software solutions designed to assist urban transit authorities. These solutions aim to modernize public transport systems, replacing traditional, fragmented arrangements with dynamic, data-based platforms. This transition has been instrumental in reducing operational costs, enhancing passenger experience, and increasing public transport utilization.

Today, Via collaborates with hundreds of cities across 30 countries, establishing itself as a formidable player in the smart transport segment. Via’s technology contributes significantly to optimizing public transportation infrastructure by offering integrated software packages that streamline scheduling, dispatching, compliance, and passenger booking. The company’s platform also accommodates optional services like fleet procurement and call center support, catering to a diverse range of client needs primarily across governmental agencies.

In North America and Europe, Via supports transit services in locations such as Sarasota, Florida, and Raleigh, North Carolina. It accounts for a fraction of its estimated addressable market size of $545 billion, but has demonstrated a strong revenue stream predominantly generated from government contracts. In the 12-month period leading up to June 2025, Via reported $381 million in revenue. Furthermore, the filing revealed improved financial health, with Via showcasing revenue growth alongside decreased losses. Notably, its net loss margin saw a significant reduction from 58% in early 2023 to 20% by mid-2025.

Noteworthy investors, like Wellington Management, indicated interest in purchasing approximately $100 million worth of shares, accounting for about 22% of the deal. The IPO is set amidst a reinvigorated market environment, characterized by heightened tech earnings and potential interest rate cuts, contributing to renewed IPO activity after a prolonged period of stagnation.

As Via aspires to secure its position as a technological linchpin within the transit sector, the company leverages its versatile technology to enable government clients to design smarter transportation networks that cater to modern demands. According to their prospectus, Via provides comprehensive tools for planning, scheduling, operations management, and passenger interactions, underscoring its role as a critical enabler of smart urban mobility solutions. With over 689 clients, Via is poised to expand its footprint, reaching an under-served market with significant potential for growth and transformation.