Investors took a cautious approach to shipping software startup via their IPO on Friday, with the stock falling at the company’s IPO price and then recovering slightly higher at the end of the day.
The company initially filed a secret IPO to the IPO in July, which raised $492.9 million in its IPO at $46 per share. When the stocks started trading on Friday afternoon, the stocks fell to $44 and then returned to the green stocks to complete at a price of more than $49. At the end of the first trading day, the moderate return value was approximately $3.9 billion.
Via raised about $328 million in an IPO, while existing shareholders sold $164 million worth of shares, bringing the total transaction size to nearly $493 million.
“We are very happy with the results of today’s IPOs, and we think it proves the value and durability of the company,” said CEO Damiel Ramot. “We thank our team, partners and investors for their feedback and support that made this milestone possible.”
Launched through Via-brand shuttles, which was originally launched in 2012 through the use of Via-brand shuttles that can hail users. Over time, by improving its on-demand routing algorithm, which uses real-time data to route Microtransit Shuttles to the most needed locations. Now, the technology is its core business, and it sells to 689 cities and transit agencies to supply its microchips.
Ramot told TechCrunch that the company will use earnings to invest in growth, sales and marketing. Even acquisitions in the future.
“We don’t necessarily want to raise funds to drive operations,” Lamott said. “We may have the opportunity to use the earnings and currencies of public stocks to make some interesting acquisitions, like we did with Remix and CityMapper.”
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By obtaining Bus Plans for 2021and CityMapper For the 2023 journey plan. Lamott said he was open to other supplementary acquisitions rather than acquisitions to gain market share.
Through revenues increased by about 30% year-on-year. The company told TechCrunch it expects to earn about $429 million in revenue in 2025, based on its fourth forecast for quarterly revenue.
VIA closed its first six months of 2025 with revenue of $205.7 million. But the company is still in red, although the losses are decreasing. The first six months of 2025 ended with a loss of $37.5 million, down from $50.4 million the previous year.
Lamott said Via is close to profitability but refused to provide specific forecasts.
Executives say Via’s growth proves that government customers can maintain profitable business.
“Most publicly publicly tech companies are not focused on this industry,” he said, adding that by relying on people who ride on buses, the technology has brought mainly micro candid and riders of the Parlatlan transportation system.
“Low-income people, people with disabilities, students – these are the demographics we usually support,” he said. “It’s great to see investors actually support that.”
