Via the Open Tepid shoulder tops to end the first day of negotiations slightly above the price of the IPO

Friday, investors adopted a cautious approach for startups of public transport software via the IPO, shares opening the company’s IPO price before recovering at the end of the day slightly higher.

The company, which initially filed confidential deposits for the IPO in July, estimated its IPO at $ 46 per share, raising $ 492.9 million. These actions slipped to $ 44 when the action began to negotiate on Friday afternoon, then resumed green to finish at just over $ 49. Modest gain values ​​via around $ 3.9 billion at the end of its first day of negotiation.

Via has collected around $ 328 million in its IPO, while existing shareholders sold $ 164 million in additional shares, bringing the total size of the agreement to nearly $ 493 million.

“We are extremely satisfied with the result of today’s IPO, and we believe that this testifies to the value and sustainability of the company,” said CEO Damiel Ramot. “We are grateful for the comments and support of our team, partners and investors who have made this stage possible.”

Via initially launched in 2012 in deployment of brand shuttles via that users could be praised. Over time, via the improvement of its on -demand routing algorithm, which uses real -time data to transport microtransit shuttles where they need it most. Now, this technology is her core business, which she sells to 689 cities and transit agencies to feed their microtransit.

Ramot told Techcrunch that the company would use the product to invest in growth, sales and marketing. And perhaps even an acquisition, in the future.

“We are not necessarily trying to collect funds to generate operations,” said Ramot. “There may be an opportunity for us to use the product and currency of a public stock to make interesting acquisitions as we did with Remix and Citymapper.”

Via the remix acquired for bus planning in 2021, and Citymapper for travel planning in 2023. Ramot said that it was open to other additional acquisitions, rather than acquisitions to gain market share.

Via revenues increased by approximately 30% in annual sliding. The company told Techcrunch that it planned to earn around $ 429 million in revenues in 2025, a projection based on its quarterly income.

Via FERM the first six months of 2025 with 205.7 million dollars in revenues. But the company is still in red, although this loss decreases. The first six months of 2025 ended a loss of $ 37.5 million, compared to $ 50.4 million the previous year.

Ramot said that via is close to profitability, but has refused to give specific projections.

The executive claims that Via is evidence that government customers can support a lucrative business.

“Most of the technological companies that make it in public are not very concentrated in this sector, on aid to local government,” he said, adding that via technology mainly provides cyclists of microtransit cyclists and dismissal systems, people who count on buses to move.

“People with low income, people with disabilities, students-are the demographic data that we generally support,” he said. “It’s really nice to see that investors support this.”