Via Transportation has gone public, raising nearly $493 million through its initial public offering.
The 13-year-old firm, which now trades on the New York Stock Exchange with the symbol VIA, sells transit management software to cities, schools and other public agencies. The company recently released a vertical artificial intelligence platform for mass transit.
Via priced its 10.7 million shares at $46. The company now has a value of $3.65 billion, up from $3.5 billion in a 2023 funding round.
The IPO puts Via in the ranks of such public gov tech companies as Tyler Technologies, Axon and Microsoft.
The company’s debut on the stock exchange reflects a robust year for the business of government technology, one marked by major investments, fundraisings and acquisitions.
Via reported a 35.6 percent year-over-year revenue increase in 2024, with the company’s losses narrowing to $91 million from $117 million in 2023. The first six months of 2025 brought a net loss of $37.5 million, according to the company’s IPO documents.
“This milestone is an important step in our journey to transform the public transportation landscape,” the company said on its LinkedIn page. “Thank you to our partners around the world who work tirelessly every day to make our transit systems better, and to our talented team who deeply embody our mission.”
According to a Reuters report, the Via IPO is another sign of how the U.S. IPO market has “rebounded in the autumn window of 2025,” a situation driven in part by “growing expectations of rate cuts.”
The Via IPO also foreshadows further activity in the gov tech industry, at least according to an interview with CEO Daniel Ramot by Israel-based news source CTech. (Via was founded in Israel but has offices in New York City and elsewhere.)
Ramot told the publication that Via’s stock could fund acquisitions of “smaller firms that keep building platforms.”
