Via Transportation Revives IPO Plan With Confidential Filing

Via Transportation, the New York-based transit software developer, said it has submitted a confidential filing for an initial public offering, reviving a plan it shelved in 2021. The company did not disclose the number of shares it intends to sell or an expected price range. Founded in 2012, Via supplies on-demand routing and fleet-management technology used by public-transport agencies in more than 650 cities across 30 countries. It last tapped private markets in 2023 with a $110 million round that lifted its valuation to about $3.5 billion, bringing total capital raised to roughly $1 billion. Chief Executive Officer Daniel Ramot has shifted Via’s focus from its original consumer shuttle service to selling its software platform to municipalities and transit operators, positioning the company for its long-anticipated debut in public markets.