Via Transportation Inc. shares increased 7.6% above their initial public offering price after the public transportation software maker and some of its backers raised $492.9 million.
The maker of the Citymapper mobile navigation app reversed earlier declines to close at $49.51, above the offering price of $46 per share. It had marketed shares for $40 to $44 each. The offering was well oversubscribed, Bloomberg News reported earlier.
The Citymapper app.
Source: Via Transportation Inc.
The trading gives Via a market value of around $3.9 billion. That compares with a valuation of about $3.5 billion after its $110 million funding round in February 2023.
Via sells ...
