Via Transportation Announces IPO to Expand Public Transit Technology Platform

Via Transportation, Inc., a leading provider of technology for public transit networks, has launched its roadshow for an initial public offering of 10,714,285 shares of Class A common stock. The company is offering 7,142,857 shares while selling stockholders are offering 3,571,428 shares, with an expected price range of $40.00 to $44.00 per share. This offering includes a 30-day option for underwriters to purchase up to an additional 1,607,142 shares to cover over-allotments.

The IPO's significance extends beyond financial markets, representing a major validation of technology-driven public transportation solutions. Via's platform transforms traditional public transportation systems into dynamic, data-driven networks that cities and transit agencies worldwide are adopting to replace fragmented legacy systems. This modernization effort lowers transit provision costs while improving passenger experience and increasing ridership.

Goldman Sachs & Co. LLC, Morgan Stanley, Allen & Company LLC, and Wells Fargo Securities are serving as lead bookrunning managers for the offering. Additional bookrunners include Deutsche Bank Securities, Guggenheim Securities, Citizens Capital Markets, Needham & Company, Oppenheimer & Co., Raymond James, William Blair, and Wolfe | Nomura Alliance. The company has received approval to list its Class A common stock on the New York Stock Exchange under the ticker symbol "VIA."

The offering's completion remains subject to market conditions, with no assurance regarding timing or final terms. A registration statement on Form S-1 has been filed with the SEC but has not yet become effective. The securities cannot be sold until the registration statement becomes effective, and this announcement does not constitute an offer to sell or solicitation of an offer to buy.

Via's technology platform currently serves hundreds of cities across more than 30 countries, connecting people with jobs, healthcare, and education through improved public transportation systems. The IPO proceeds could accelerate global expansion and further development of Via's software and technology-enabled services, potentially reshaping how cities approach public mobility solutions in the coming years.