Transit technology firm Via Transportation has gone public, raising about $493 million through its initial public offering. Founded in 2012, the company has joined a small group of government technology suppliers that are publicly traded.
Via trades on the New York Stock Exchange under the symbol VIA. It provides transit management software to cities, schools and other public agencies, and recently launched an artificial intelligence platform designed for mass transit.
The company priced 10.7 million shares at $46 each, giving it a market value of $3.65 billion. That figure marks an increase from its $3.5 billion valuation in a funding round last year.
Via’s public debut places it alongside established government technology players such as Tyler Technologies, Axon and Microsoft. It also highlights a strong year for the sector, which has seen large investments, acquisitions and fundraising activity.
The company’s financial performance reflects growth. In 2024, Via reported a 35.6 percent rise in revenue, with losses narrowing to $91 million compared with $117 million in 2023. For the first half of 2025, it reported a net loss of $37.5 million, according to its IPO filings.
On its LinkedIn page, the company stated: “This milestone is an important step in our journey to transform the public transportation landscape. Thank you to our partners around the world who work tirelessly every day to make our transit systems better, and to our talented team who deeply embody our mission.”
A report described the Via IPO as evidence of the rebound in the U.S. IPO market in autumn 2025, driven by expectations of interest rate cuts.
Looking ahead, Via may also explore acquisitions. CEO Daniel Ramot said in an interview that the company’s newly raised capital could support purchases of “smaller firms that keep building platforms.”
Founded in Israel, Via now operates from New York City and other locations worldwide. Its IPO marks both a milestone for the company and a sign of increasing activity in the government technology space.
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