Via shrugs off tepid open to end first day of trading slightly above IPO price

Investors took a cautious view on transit to the transit software startup Via IPO on Friday, opening the shares below the company’s IPO price before the end of the day was healed at the end of the day.

In July, the company, which initially filed for the IPO, has raised $ 46 per share per share of its IPO, $ 492.9 million. These shares dropped to $ 44 when the stock started on Friday afternoon and then returned to the green just over $ 49. The values ​​of modest profits via $ 3.9 billion at the end of its first trading day.

Through this, about $ 328 million has been collected to his IPO, while the existing shareholders have sold more $ 164 million stock, the total contract has taken about $ 493 million.

CEO Damiel Ramot said, “We are very satisfied with the results of today’s IPO, and we think it has been proven as a proof of the company’s value and stability.” “We are grateful for our team, partners and investors’ feedback and assistance who made this milestone possible.”

Initially launched in 2002 that users were deployed through branded shuttles that could have hail. Over time, its on-demand routing improves algorithms, which use real-time data to root microtransit shuttles where they need the most. Now, that technology is the main business of which it sells to 689 cities and transit agencies to strengthen their microtransit.

Ramot told TechCrunch that the company would use these money to invest in growth, sales and marketing. And any acquisition in the future.

“We are not necessarily looking for funds to run the operation,” Ramot said. “We may have the opportunity to earn and use public stock currency for us to acquire some interesting acquisitions as we did with remix and citimpar.”

Through acquired Remix for bus planning in 2021And Citimpar For the Journey Plan in 2021. Ramot said that he was open to other complementary acquisitions than acquisition for the market share.

Through the revenue about 30% of the year has increased over a year. The company told TechCrunch that it would earn around $ 120 million in 2021, which is a projection based on four of its quarterly earnings.

The first six months of 2025 have been closed with earning $ 205.7 million. However, the company is still red, though the damage is shrinking. The first six months of 2025 ended $ 37.5 million, which has dropped from $ 50.4 million compared to the previous year.

Ramot said that through profitability, but refused to give specific assumptions.

The executive says that Via’s growth proves that government customers can maintain profitable business.

“Most technology companies do not focus on the sector too much,” he said, “help the local government,” he added that the technology mainly benefits the drivers of the microtransit and paratransit system, who depend on the bus to move around, “he said.

“Low -income people, people with disabilities, students – these are demographic that we usually support,” he said. “It was really nice to see investors actually support it.”