Robbins Geller Rudman & Dowd LLP announced that investors who purchased Via Transportation, Inc. common stock in its September 15, 2025 initial public offering have until Monday, August 10, 2026 to seek appointment as lead plaintiff in a class action lawsuit. The suit, Garlesky v. Via Transportation, Inc., alleges that IPO offering documents were materially false or misleading, failing to disclose that Via Transportation 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. The complaint points to stock declines of nearly 13% on November 13, 2025, nearly 8% on February 27, 2026, and an additional 17% on May 12, 2026, with shares closing nearly 70% below the $46.00 IPO price. The lead plaintiff will direct the litigation on behalf of all class members, and investors do not need to serve as lead plaintiff to share in any potential recovery.
Via Transportation, Inc.Lawsuit alleges IPO documents failed to disclose regulatory issues in Germany hindering expansion, causing stock declines.
