Reported about 2 hours ago
Transit technology company Via Transportation achieved a valuation of $3.5 billion following a 4.4% drop in its share price during its NYSE debut on September 12, 2025. Opening at $44, below its $46 offer price, Via raised $493 million through the sale of 10.7 million shares. Despite its innovative approach of integrating with existing public transit systems, the company remains unprofitable, reporting a net loss of $21.2 million for the prior quarter. The recent upswing in the U.S. IPO market highlights growing investor interest, although tech IPO performance has varied, particularly due to the challenges associated with lower margins and regulatory complications.
Source: YAHOO