"Via Transportation (VIA.US) IPO priced at $46 per share, higher than the guidance range, raising $493 million."

Via Transportation is a company that provides ride-sharing and transportation services platform for local governments. The company issued 10.7 million shares of stock at a price of $46 per share (with 33% being secondary shares), raising $493 million, above the range of $40 to $44. Based on the pricing, the company's fully-diluted market value is $4.2 billion. Via develops technology for public transit agencies and operators to plan, manage, and optimize services such as microtransit, school transportation, and paratransit. Its platform combines dispatching, scheduling, compliance, passenger booking and data analytics, as well as optional services including fleet procurement and call center support. Via serves 689 clients in over 30 countries in North America (70% of revenue) and Europe (30% of revenue), mainly government agencies (90% of revenue), including transportation services in Sarasota, Florida and Raleigh, North Carolina. The company believes it has captured around 1% of its estimated potential market of $545 billion. Via Transportation plans to list on the New York Stock Exchange under the ticker symbol VIA. Goldman Sachs, Morgan Stanley, Allen & Company, Fidelity Securities, Deutsche Bank, Guggenheim Securities, Citizens JMP, Needham & Co, Oppenheimer & Co, Raymond James, William Blair, Nomura Securities, and WR Securities are serving as joint bookrunners for this transaction.