Investors adopted a careful approach to starting the transit software via IPO on Friday, with shares opening below the company’s IPO price before recovering at the end of the day slightly higher.
The company, which initially deposited IPO in July, was invoicing its IPO in $ 46 per share, raising $ 492.9 million. These shares dropped to $ 44 when the stock began to negotiate on Friday afternoon and then returned to the green to finish at just $ 49. The average profit prices through about $ 3.9 billion at the end of the first day.
Through the increase of about $ 328 million in the IPO, while existing shareholders sold other shares worth $ 164 million, bringing the total size of the agreement to nearly $ 493 million.
“We are extremely happy with the result of today’s iPO and we believe it is a proof of the value and durability of the company,” said CEO Daniel Ramot. “We are grateful for the feedback and support from our team, our partners and investors who have made this milestone possible.”
Initially, it started in 2012 with the development of a brand that could break users. Over time, through the improvement of custom route algorithm, which uses real -time data to route microfinance buses where they are most needed. Now that technology is its main business, which it sells in 689 cities and transit organizations to supply their microtransit.
Ramot told TechCrunch that the company would use revenue to invest in growth, sales and marketing. And maybe even an acquisition, in the future.
“We do not necessarily want to raise funds to drive businesses,” Ramot said. “There may be an opportunity for us to use the revenue and currency of a public stock to make some interesting acquisitions as with remix and citymapper.”
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Through the Remix acquired for bus planning in 2021 and Citymapper for travel planning in 2023. Ramot said it was open to other complementary acquisitions, rather than acquisitions to earn market share.
About 30% has increased by revenue on an annual basis. The company told TechCrunch that it expects to earn about $ 429 million in revenue in 2025, a Four’s quarterly revenue.
Through the first six months of 2025 with revenue of $ 205.7 million. But the company is still in red, though this loss shrinks. The first six months of 2025 ended with a loss of $ 37.5 million, from $ 50.4 million last year.
Ramot said Via was close to profitability, but refused to make specific forecasts.
Executive power says that the development of VIA is proof that government clients can maintain a profitable business.
“Most public technology companies do not focus on this area, helping local government,” he said, adding that technology through mainly provides benefits of microfibrium systems and Paratransit systems, bus -based people to reach.
“Low-income people, people with disabilities. Students-these are the demographics we usually support,” he said. “It’s very nice to see that investors really support it.”
