Via Transportation (VIA.US)'s IPO price is 46 US dollars/share higher than the guidance range to raise 493 million US dollars

The Zhitong Finance App learned that Via Transportation is a company that provides ride-sharing and transportation service platforms for local governments. The company issued 10.7 million shares at a price of 46 US dollars per share (of which 33% are secondary shares), raising 493 million US dollars, which is higher than the range of 40 US dollars to 44 US dollars. In terms of pricing, the company's fully diluted market value is $4.2 billion.

Via develops technology for public transit agencies and operators to plan, manage and optimize services such as micromobility, school transportation, and ancillary transportation. Its platform combines dispatch, scheduling, compliance, passenger reservation and data analysis, as well as optional services such as fleet procurement and call center support.

Via serves 689 customers in more than 30 countries in North America (70% of revenue) and Europe (30% of revenue), mostly government agencies (90% of revenue), including transportation services in Sarasota, Florida, and Raleigh, North Carolina. The company believes it has reached about 1% of its estimated $545 billion potential market.

Via Transportation plans to list on the New York Stock Exchange under the ticker symbol VIA. Goldman Sachs, Morgan Stanley, Allen & Company, Wells Fargo Securities, Deutsche Bank, Guggenheim Securities, Citizens JMP, Needham & Co, Oppenheimer & Co, Raymond James, William Blair, Nomura Securities, and WR Securities acted as joint bookkeepers for the transaction.