Via shoulder features from Lune Open to end the first day of trade slightly above the IPO prize

Investors took a cautious approach to transit -software -starting via IPO on Friday, with shares opening under the company’s IPO prize before recovering at the end of the day a little higher.

The company, which initially submitted confidently for IPO in July, priced its IPO at $ 46 per year. Slate and raised $ 492.9 million. These shares slipped to $ 44 when the stock started shopping on Friday afternoon and then returned to the green to finish at just over $ 49. The modest winning values ​​via approx. $ 3.9 billion at the end of its first trading day.

Via raised about $ 328 million in its IPO, while existing shareholders sold another $ 164 million shares, which brought the total deal to nearly $ 493 million.

“We are extremely please with the result of today’s IPO, and we think it is a will for the company’s value and durability,” said through CEO Daniel Ramot. “We are the gates of feedback and support from our team, partners and investors who made this milestone possible.”

Originally, launched in 2012 by implementing via the pendulum runs brand that users could hail. Over time, it improved through its on-demand Routing algorithm, which used real-time data for road microtransit pendulum runs to the place where they were most. Now the technique is its core business, which it sells to 689 cities and transit agencies to operate their microtransite.

Ramot told TechCrunch that the company would use the proceeds to invest in growth, sales and marketing. And maybe and a acquisition in the future.

“We are not notastarry looking to raise funds to operate operations,” Ramot said. “There may be an opportunity for us to use the procedures and currency for a public stock to make some interesting acquisitions that we did with Remix and CityMapper.

Via acquired Remix for bus planning in 2021 and city -free city planning in 2023. Ramot said he is open to other complementary acquisitions, rather than acquisitions to gain market share.

Via revenue has covered approx. 30% year-over year. The company told Techcrunch that it expects to read $ 429 million in revenue in 2025, a projection based on its quarterly recurring oven.

Via closed the first six months of 2025 with $ 205.7 million in revenue. But the company is still in the red, though this loss shrinks. The first six months of 2025 ended with a loss of $ 37.5 million, down from $ 50.4 million the year before.

Ramot said VIA is close to profitability, but refuses to give specific projections.

The director says VIA’s growth is proof that government customers can maintain a lucrative business.

“Most tech companies published are not very focused on this sector on helping the local government,” he said, adding that technology via mainly benefits from riders of microtransite and paratransite systems, the people who depend on buses to get around.

“People with low income, people with disabilities, student-them are the demographics that we typically support,” he said. “It’s really nice to see investors news about it”