Citymapper Owner Via, Holders Raise $492.9 Million in IPO (1)

Public transportation software maker Via Transportation Inc. and some of its shareholders raised $492.9 million in a US initial public offering priced above a marketed range.

The maker of the Citymapper mobile navigation app and some of its backers sold 10.7 million shares for $46 per share, according to a statement Thursday, after marketing them for $40 to $44 each. The offering was well oversubscribed, Bloomberg News reported earlier.

The Citymapper app.

Source: Via Transportation Inc.

The pricing gives Via a market value of about $3.7 billion, based on the outstanding shares. That compares with a valuation of about $3.5 billion after its $110 million ...