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Via Transportation is targeting a valuation of up to $3.50 billion in its initial public offering, the transit technology maker said on Wednesday, joining a wave of companies aiming to list their shares on U.S. exchanges this fall.
Via and some of its existing investors are seeking to raise up to $471 million by offering 10.7 million shares priced between $40 and $44 apiece.
IPO markets have resumed a long-awaited recovery amid an equity market rally fueled by robust tech earnings and growing expectations of interest rate cuts in the short term. The…
