Via Transportation, Inc. (“Via”), the provider of technology to power public transit networks, has announced the launch of its roadshow for the initial public offering of 10,714,285 shares of its Class A common stock.
Via is offering 7,142,857 shares of Class A common stock and the selling stockholders are offering 3,571,428 shares of Class A common stock. In connection with the offering, Via is expected to grant the underwriters a 30-day option to purchase up to an additional 1,607,142 shares of Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.
The initial public offering price is expected to be between $40.00 and $44.00 per share. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or other terms of the offering. Via has been approved to list its Class A common stock on the New York Stock Exchange under the ticker symbol “VIA.”
Goldman Sachs & Co. LLC, Morgan Stanley, Allen & Company LLC, and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering. Deutsche Bank Securities and Guggenheim Securities are acting as bookrunners. Citizens Capital Markets, Needham & Company, Oppenheimer & Co., Raymond James, William Blair, and Wolfe | Nomura Alliance are acting as additional bookrunners.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the proposed offering, when available, may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov.
(Pic: Via Transportation)
