Robbins Geller Rudman & Dowd LLP announced that investors who purchased Via Transportation stock in its September 2025 IPO have until August 10, 2026 to seek lead plaintiff appointment in a class action lawsuit alleging misleading offering documents. The suit claims the IPO materials failed to disclose that Via was adding customers faster than they generated revenue, causing a decline in Platform Annual Run-Rate Revenue per customer, and that regulatory issues in Germany would hinder its expansion strategy. Following disclosures of these issues on November 13, 2025, February 27, 2026, and May 12, 2026, the stock price fell nearly 13%, 8%, and an additional 17% respectively, closing nearly 70% below the $46.00 IPO price. The case, Garlesky v. Via Transportation, Inc., is filed in the Southern District of New York under the Securities Act of 1933.
Via Transportation, Inc.Class action lawsuit alleging misleading IPO documents and undisclosed regulatory issues in Germany.