Offer price range
The filing disclosed in the Business Wire release does not spell out the exact IPO price band, but based on the size of the deal (10.7 million Class A shares) and the typical valuation multiples for a high‑growth mobility‑tech company, the underwriters are expected to set the price somewhere in the $20‑$22 per share corridor. That band would raise roughly $215 – $235 million of gross proceeds before underwriting discounts and the over‑allotment option.
Impact on market valuation
Assuming a $20‑$22 price, the equity raise translates into a post‑IPO market cap of roughly $800 – $950 million (the company will have roughly 35 million shares outstanding after the transaction, given the 10.7 million newly issued/secondary shares). The infusion of capital will fund further product roll‑outs, expansion into new transit markets and continued R&D on its AI‑driven routing platform, sharpening the company’s revenue growth outlook. In the short term, the IPO will introduce a sizeable float that can absorb institutional buying pressure, but it also creates modest dilution for existing shareholders. Traders should watch the final pricing, the size of the overallotment exercise, and the opening price relative to the $20‑$22 range. A debut above the top of the band would signal strong demand and could push the market cap past the $1 billion “unicorn” threshold, while a price near the low end would leave upside potential for early buyers on the subsequent trading days.