Kahn Swick & Foti, LLC reminds investors that a securities class action lawsuit has been filed against Via Transportation, Inc. on behalf of purchasers of shares in its September 2025 initial public offering. The complaint alleges that the offering documents contained materially misleading statements and omitted that the company was adding customers faster than they generated revenue, causing a decline in annual recurring revenue per customer for the first time in eight quarters, and that regulatory hurdles in Germany prevented Via from selling its full platform. By the time the suit was filed, Via’s stock had traded as low as $14.52, a decline of nearly 70% from the IPO price. Investors have until August 10, 2026 to apply for lead plaintiff status in the case, Garlesky v. Via Transportation, Inc., pending in the United States District Court for the Southern District of New York.
Via Transportation, Inc.Regulatory hurdles in Germany prevented Via from selling its full platform, a key omission in IPO disclosures.