Citymapper App Owner Via, Holders Raise $492.9 Million in IPO

Public transportation software maker Via Transportation Inc. and some of its shareholders raised $492.9 million in a US initial public offering priced above a marketed range.

The maker of the Citymapper mobile navigation app and some of its backers sold 10.7 million shares for $46 per share, according to a statement Thursday, after marketing them for $40 to $44 each. The offering was well oversubscribed, Bloomberg News reported earlier.

The Citymapper app.

Source: Via Transportation Inc.

Via sells software and operational services to local transit agencies and cities around the world to help plan public transportation routes, according to its filings earlier with the US ...