Arendt advised certain selling shareholders in one of the biggest transportation technology public offerings in the U.S., which valued Via Transportation, Inc., the leading provider of technology to power public transit networks, at US$3.5 billion in its initial public offering

Experts involved in the Deal

Arendt & Medernach has acted as Luxembourg counsel to several entities of venture capital fund Planven as selling shareholders in Via Transportation, Inc.’s US$493 million initial public offering, advising on Luxembourg law aspects primarily relating to capital markets and investment management matters in connection with the public offering of its Class A common stock traded on the New York Stock Exchange. The offering consisted of a primary offering of 10,714,285 shares of Class A common stock at a public offering price of US$46 per share.

Via Transportation is a New York-based technology company founded in 2012 that provides software-as-a-service and operations solutions to improve public transportation networks globally, serving partners including cities, transit agencies, schools, and healthcare providers. The company specialises in dynamic on-demand transit solutions such as microtransit and paratransit, focusing on making transportation more equitable and accessible for all populations.

Arendt & Medernach leveraged its comprehensive Luxembourg law expertise in capital markets and investment management to support Planven Entities as selling shareholders in Via Transportation, Inc.’s  initial public offering.