Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at the end of the day slightly higher.
The company, which initially filed confidentially for IPO in July, priced its IPO at $46 per share, raising $492.9 million. Those shares slipped to $44 when the stock began trading Friday afternoon, and then inched back into the green to finish at just over $49. The modest gain values Via at roughly $3.9 billion at the close of its first trading day.
Via raised about $328 million in its IPO, while existing shareholders sold another $164 million worth of stock, bringing the total deal size to nearly $493 million.
“We’re extremely pleased with the result of today’s IPO, and we think it is a testament to the value and durability of the company,” Via CEO Daniel Ramot said. “We are grateful for the feedback and support from our team, partners, and investors who made this milestone possible.”
Via initially launched in 2012 by deploying Via-branded shuttles that users could hail. Over time, Via improved its on-demand routing algorithm, which uses real-time data to route microtransit shuttles to where they’re needed most. Now that tech is its core business, which it sells to 689 cities and transit agencies to power their microtransit.
Ramot told TechCrunch the company would use the proceeds to invest in growth, sales, and marketing. And maybe even an acquisition, in the future.
“We’re not necessarily looking to raise funds to drive operations,” Ramot said. “There may be an opportunity for us to use the proceeds and the currency of a public stock to make some interesting acquisitions like we did with Remix and Citymapper.”
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Via acquired Remix for bus planning in 2021, and Citymapper for journey planning in 2023. Ramot said he’s open to other complementary acquisitions, rather than acquisitions to gain market share.
Via revenue has increased roughly 30% year-over-year. The company told TechCrunch that it expects to earn around $429 million in revenue in 2025, a projection based on its quarterly revenue times four.
Via closed the first six months of 2025 with $205.7 million in revenue. But the company is still in the red, though that loss is shrinking. The first six months of 2025 ended at a loss of $37.5 million, down from $50.4 million the previous year.
Ramot said Via is close to profitability but declined to give specific projections.
The executive says Via’s growth is proof that government customers can sustain a lucrative business.
“Most tech companies going public are not very focused on this sector, on helping local government,” he said, adding that the technology Via provides mainly benefits riders of microtransit and paratransit systems, the people who rely on buses to get around.
“Low-income people, people with disabilities, students — those are the demographics that we typically support,” he said. “It’s really nice to see investors actually support that.”
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#shrugs #tepid #open #day #trading #slightly #IPO #price #TechCrunch



![A24 Wants You to Be Nice About Its Google AI Deal
Earlier this week, we learned A24 entered a research partnership with Google’s DeepMind unit. The reactions were… not happy, to say the least. And like many who’ve let generative AI into their hearts, the film studio’s now left playing defense for its widely panned decision. In a statement to Wired, A24’s communications rep Sophia Shin stressed the “research” part of its Google partnership. “We’re working side-by-side with DeepMind’s researchers to learn, iterate, and build, having an active hand in shaping new tools and workflows,” she explained. “This is about learning and helping pain points in workflows behind the scenes. […] It exists because we want to dictate what tools get built for artists, so they have a voice in shaping them rather than having tools handed to them. While acknowledging A24 doesn’t love “any of the current AI outputs onscreen in Hollywood,” Shin considers this partnership a bit of a necessary evil. “We’d rather have a seat at the table than on the sidelines,” she stated. The promise of further artist agency and “a seat at the table” are common shields from genAI users, but it doesn’t seem to be working here. Fans consider this move ironic and a betrayal, given Backrooms director Kane Parsons recently called the tech “cultural and economic rot” and wished he could just snap it out of existence.
Before that, the studio didn’t seem to have much interest in generative AI. In 2024, it came under fire for using the tech to create posters for Civil War, while months later, its horror film Heretic had a disclaimer promising it wasn’t made with the technology. But Hollywood’s become gradually more accepting of generative AI and its supposed potential for the filmmaking process. In that sense, maybe it was inevitable for A24 to fall in line. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #A24 #Nice #Google #DealA24,generative ai,Google DeepMind A24 Wants You to Be Nice About Its Google AI Deal
Earlier this week, we learned A24 entered a research partnership with Google’s DeepMind unit. The reactions were… not happy, to say the least. And like many who’ve let generative AI into their hearts, the film studio’s now left playing defense for its widely panned decision. In a statement to Wired, A24’s communications rep Sophia Shin stressed the “research” part of its Google partnership. “We’re working side-by-side with DeepMind’s researchers to learn, iterate, and build, having an active hand in shaping new tools and workflows,” she explained. “This is about learning and helping pain points in workflows behind the scenes. […] It exists because we want to dictate what tools get built for artists, so they have a voice in shaping them rather than having tools handed to them. While acknowledging A24 doesn’t love “any of the current AI outputs onscreen in Hollywood,” Shin considers this partnership a bit of a necessary evil. “We’d rather have a seat at the table than on the sidelines,” she stated. The promise of further artist agency and “a seat at the table” are common shields from genAI users, but it doesn’t seem to be working here. Fans consider this move ironic and a betrayal, given Backrooms director Kane Parsons recently called the tech “cultural and economic rot” and wished he could just snap it out of existence.
Before that, the studio didn’t seem to have much interest in generative AI. In 2024, it came under fire for using the tech to create posters for Civil War, while months later, its horror film Heretic had a disclaimer promising it wasn’t made with the technology. But Hollywood’s become gradually more accepting of generative AI and its supposed potential for the filmmaking process. In that sense, maybe it was inevitable for A24 to fall in line. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #A24 #Nice #Google #DealA24,generative ai,Google DeepMind](https://gizmodo.com/app/uploads/2026/03/Backrooms-1280x853.jpg)
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