Via Transportation has taken the first formal step toward going public by confidentially submitting a draft registration statement on Form S-1 to the SEC. The company is reviving its IPO plans, having previously filed in 2021 but withdrew later. Via has been valued at $3.5 billion following a funding round led by 83North. While the number of shares and price range for the IPO are not yet determined, these will depend on SEC review and market conditions. The submission allows for a private filing under the JOBS Act.
On July 16, Via Transportation announced it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), initiating the process for a proposed IPO.
Bloomberg points out that the company is reviving plans for an initial public offering after originally filing for one in 2021 and later withdrawing.
Via was valued at $3.5 billion after a 2023 funding round led by venture capital firm 83North, with other investors including Exor NV, Pitango and Janus Henderson.
The number of shares to be offered and the price range for the proposed IPO have not yet been determined as they depend on SEC review and market conditions.
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