Reuters: IPOX® VP Kat Liu on Via’s $3.5 Billion NYSE Debut

Reuters reported that Via Transportation (NYSE: VIA) was valued at $3.5 billion after its shares fell 4.4% in their New York Stock Exchange debut. The company and its shareholders raised $493 million by selling 10.7 million shares at $46 each, above the marketed range.

Via, which partners with public transit networks rather than operating independently like traditional ride-hailing firms, continues to expand but remains unprofitable. For the quarter ending June 30, it posted $107.1 million in revenue and a $21.2 million net loss.

IPOX® Vice President Kat Liu commented on the company’s challenges:

“The model that Via offers brings its own challenges: lower margins, slower scaling across jurisdictions, and dependence on local relationships and regulatory compliance,” she said, noting that exposure to public-sector budgets and regulatory complexity continues to pose risks.

This marks one of the largest U.S. transportation-related technology IPOs in recent years, as the IPO market sees renewed momentum fueled by easing trade tensions and expectations of interest-rate cuts.

Read the full article by Rishab Shaju and Arasu Kannagi Basil on Reuters: Transit tech firm Via valued at $3.5 billion as shares fall in NYSE debut