The public transportation service platform Via Transportation (VIA.US) applies to go public in the United States or raise 500 million US dollars in funding.
Last Friday, Via Transportation, a platform that provides carpooling and public transportation services, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Via Transportation, a platform that provides carpooling and public transportation services, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday. The company plans to list on the New York Stock Exchange under the stock symbol "VIA". The company has not disclosed pricing terms yet. Market analysis indicates that the company may raise up to about $500 million through the IPO.
Data shows that Via Transportation develops technology for public transportation agencies and operators to plan, manage, and optimize services including micro-transit, school bus transportation, and paratransit. Its platform integrates functions such as scheduling, dispatching, compliance management, passenger booking, and data analysis, and offers optional services such as fleet procurement and call center support.
Currently, Via Transportation serves 689 clients in over 30 countries. The North American market contributes approximately 70% of its revenue, while the European market contributes about 30%. The majority of its clients are government agencies (accounting for over 90% of its revenue), including public transportation services in Sarasota, Florida and Raleigh, North Carolina. The company believes that its market penetration is only about 1%, while the total addressable market is estimated to be $545 billion. Data shows that the company's revenue for the 12 months ending June 30, 2025 was $381 million.
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