The US public transportation service platform Via Transportation (VIA.US) plans to price its IPO at $40-44 per share, aiming to raise $450 million.

Via Transportation, a platform that provides carpooling and public transportation services, announced the terms of its initial public offering (IPO) on Wednesday. The company plans to issue 10.7 million shares of stock at a price of $40-44 per share, raising $450 million. The company plans to list on the New York Stock Exchange under the ticker symbol "VIA" and expects to complete the IPO pricing on the week of September 8, 2025. Founded in 2012 and based in New York, Via Transportation develops technology for public transport agencies and operators to plan, manage, and optimize services including microtransit, school bus transportation, and paratransit. Its platform integrates functions such as scheduling, dispatch, compliance management, passenger booking, and data analysis, and offers optional services like fleet procurement and call center support. Currently, Via Transportation serves 689 clients in over 30 countries. Approximately 70% of its revenue comes from the North American market, while 30% comes from the European market. The majority of its clients are government agencies, accounting for over 90% of revenue, including public transport services in Sarasota, Florida and Raleigh, North Carolina. The company believes its market penetration is only about 1%, with an estimated total addressable market of $545 billion. Data shows that the company had revenue of $381 million in the 12 months ending June 30, 2025.