Via Transportation, which provides local governments with a platform for rideshare and transit services, filed on Friday with the SEC for an initial public offering that we estimate could raise up to $500 million.
Via develops technology for public transit agencies and operators to plan, manage, and optimize services such as microtransit, school transport, and paratransit. Its platform combines scheduling, dispatch, compliance, passenger booking, and data analytics, with optional services like fleet procurement and call center support. Via serves 689 customers in over 30 countries in North America (70% of revenue) and Europe (30%), mostly government agencies (>90% of revenue), including transit services in Sarasota, Florida, and Raleigh, North Carolina. The company believes it has reached about 1% of its estimated $545 billion addressable market.
The New York, NY-based company was founded in 2012 and booked $381 million in sales for the 12 months ended June 30, 2025. It plans to list on the NYSE under the symbol VIA. It had been on our Private Company Watchlist since July 2021. Goldman Sachs, Morgan Stanley, Allen & Company, Wells Fargo Securities, Deutsche Bank, and Guggenheim Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
