Aug 15 (Reuters) - Via Transportation's revenue rose 27%

in the first half of 2025, the travel-technology company

disclosed on Friday in its U.S. initial public offering

paperwork, as it advances plans for a long-sought New York

listing.

The company posted a net loss of $37.5 million on

revenue of $205.8 million for the six months ended June 30,

narrowing from a net loss of $50.4 million on $162.6 million in

revenue a year earlier.

Founded in 2012, New York-based Via develops technology that

powers public transit systems in hundreds of cities across more

than 30 countries.

The bulk of its revenue comes from North America, with

the remainder from Europe. Its clients include municipalities,

transit agencies, transport operators, school districts,

universities, and corporations.

Via first

confidentially filed for an IPO

in late 2021. The company was

valued at $3.5 billion

in a 2023 funding round led by venture firm 83North. Other

major shareholders include Pitango and Exor, the investment firm

of Italy's Agnelli family.

U.S. initial public offerings have rebounded strongly

following a slowdown in April caused by tariff-driven

volatility. The successful debuts of several high-profile

companies have further energized the IPO market.

Goldman Sachs, Morgan Stanley, Allen & Company, and Wells

Fargo Securities are acting as lead underwriters. The company

plans to list its shares on the New York Stock Exchange under

the ticker symbol "VIA."

Proceeds from the offering will be used for general

corporate purposes, including expansion into new markets and

increased investment in sales and marketing.

Travel-tech firm Navan also

confidentially filed

for a New York IPO earlier this year.