FOLLOW US

New York-based Via Transportation unveiled Wednesday the pricing terms of its much-anticipated $450 million initial public offering, setting the stage for a blockbuster debut as demand for transit-tech innovation accelerates.

In a filing with the U.S. Securities and Exchange Commission, the company said it will offer 10.7 million shares at a range of $40 to $44 each, with proceeds expected to hit roughly $450 million at the midpoint. At that pricing, Via’s fully diluted market value would soar to $3.8 billion.

Breaking Down the Offering

Of the shares, 7.14 million Class A common stock will be issued by Via itself, while 3.6 million shares will be sold by existing stockholders.

Skadden Arps Slate Meagher & Flom LLP is representing Via, while Latham & Watkins LLP is advising the underwriters, the filing noted.

A Mission to Reinvent Public Transit

Founded in 2012, Via describes itself as a company that “transforms” aging public transit systems into dynamic, data-driven networks. Its platform is used by 689 customers across 30+ countries, primarily government agencies, to consolidate routes, reduce costs, and boost ridership.

Via positions itself as the operating system for transit, claiming its technology improves passenger experiences while driving efficiency for cities, counties, and municipalities.

IPO Proceeds and Expansion Plans

Via said proceeds will fund general corporate purposes, including R&D, marketing, working capital, and expansion into new markets. The company may also deploy funds toward acquisitions, partnerships, or technology investments to accelerate its global footprint.

Backed by 83North, Pitango, Exor, and Kelvin Investments Ltd., the firm intends to list on the New York Stock Exchange under the ticker symbol “VIA.” The IPO is scheduled to price the week of Sept. 8, entering the same crowded window as Klarna’s $1.3 billion IPO and other high-profile listings.

Legal Teams Steering the Deal

The Skadden team advising Via is led by partners Ryan Dzierniejko, Yossi Vebman and Jeremy Winter.
The Latham team representing underwriters includes partners Marc Jaffe, Nathan Ajiashvili and Alison Haggerty.