By ignoring off Tepid Open until the end of the first day of trading a little higher than the subscription price

Investors have followed a cautious approach to starting transit programs via public subscription on Friday, with the opening of shares below the company’s subscription price for the company before recovery at the end of the day a little higher.

The company, which initially submitted a secret to the public subscription in July, to the public subscription at a price of $ 46 per share, which raised 492.9 million dollars. Those shares fell to $ 44 when the stock began trading on Friday afternoon, then returned to green to achieve slightly more than $ 49. The values ​​of modest gain across about $ 3.9 billion at the end of the first trading day.

About $ 328 million was raised in the public subscription, while current shareholders sold shares of $ 164 million, up to the total size of the deal to nearly 493 million dollars.

“We are very happy with the result of the public subscription today, and we believe it is a testimony of the value and durability of the company.” “We are grateful for comments and support from our team, our partners and investors who made this landmark possible.”

Initially crossed in 2012 by publishing shuttle that users can deport users. Over time, by improving the steering algorithm on demand, which uses data in actual time to direct micro -shutters to where they are needed. Now, this technology is its basic works, which it sells to 689 cities and transit agencies to operate Microtransit.

Ramot Techcrunch told the company that the company will use revenue to invest in growth, sales and marketing. Perhaps even acquisition, in the future.

“We are not necessarily looking to raise money to pay operations,” Ramot said. “There may be an opportunity for us to use returns and the public stock currency to perform some interesting acquisitions as we did with Remix and CityMapper.”

Across Remix for bus planning in 2021And Citymapper To plan trips in 2023. Ramot said it was open to other complementary acquisitions, instead of acquisitions to obtain its market share.

By revenue increased about 30 % on an annual basis. The company TECHCRUNCH told it that it expects to obtain revenues of about $ 429 million in 2025, a drop that depends on its four quarterly revenues.

By closing the first six months of 2025 with revenues of $ 205.7 million. But the company is still red, although this loss is shrinking. The first six months of 2025 ended with a loss of 37.5 million dollars, a decrease of $ 50.4 million in the previous year.

Ramot said that through profitability, but he refused to give specific expectations.

The CEO says that VIA’s growth is evidence that government agents can maintain profitable business.

He said: “Most of the technology companies that are exposed to the public do not focus heavily on this sector, on the assistance of the local government,” adding that technology through Microtransit systems mainly and PARATRARANSIT, and people who depend on buses to roam.

He said: “Low people, persons with disabilities, students – these are the population composition that we usually support.” “It is really good to see investors really support this.”