Via's IPO Raises $493 Million Despite Slightly Above IPO Price Trading
TL;DR Summary
Via's IPO opened slightly below its $46 share price but recovered to close just above it, valuing the company at around $3.9 billion. The company raised nearly $493 million, with proceeds aimed at growth and potential acquisitions. Despite still being in the red, Via is close to profitability and emphasizes its focus on supporting local government transit, especially benefiting low-income and disabled riders.
- Via shrugs off tepid open to end first day of trading slightly above IPO price TechCrunch
- Transit tech firm Via valued at $3.5 billion as shares fall in NYSE debut Reuters
- Citymapper Owner Via, Holders Raise $492.9 Million in IPO Bloomberg.com
- Via Announces Pricing of Initial Public Offering Business Wire
- Via Transportation raises $493m in Wall Street IPO Globes - Israel Business News
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