Transit Software Startup through Secret Files for IPO

by SkillAiNest

By the way, the transit software startup that focuses on the on -demand shuttle service facing its users, said it has said Secretly filed For the initial public offer.

Via has been batting around IPO plans for years. The company secretly filed for the IPO in 2021, but never took the next personnel and regulatory measures to enter public markets. Now, the company says it is ready. Its status as a secret filing, however, leaves many missing details, in which the number of shares offered and the proposed offer range has not yet been determined.

When launched in 2012, the software platform was little interest by cities, co -founder and CEO Daniel Romot told Tech Crunch several years ago in an interview. The company initially used consumer -facing brand shuttle that users can use. Over time, and using large -scale data collected by these services, its dynamic, on -demand routing algorithm has been improved, which uses real -time data to root the shuttle where they need the most.

Today, Via provides on -demand transit software for more than 650 cities in 30 countries, including San Francisco, Seattle, New York, Miami, and London. It also served several small and medium cities such as Arlington, Texas and Civics Falls, South Dakota.

The last amount collected from private markets in 2023 with a funding round of $ 110 million, which raised its price to $ 3.5 billion. Via has raised a total of $ 1 billion from a long list of investors, including Blackrock, Excer, Johns Handson, Macori Capital, Mori Building, Shell and 83 North.

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