NYSE

Via Transportation, Inc. announced the pricing of its IPO of 10,714,285 Class A shares at $46.00 per share, expected to begin trading on the NYSE under “VIA” on September 12, 2025, and close on September 15, 2025. Underwriters have a 30-day option to purchase an additional 1,607,142 shares. Goldman Sachs, Morgan Stanley, Allen & Company LLC, and Wells Fargo Securities are lead bookrunners. Via provides technology to optimize public transit networks, using real-time data and on-demand algorithms to modernize transportation systems in hundreds of cities across more than 30 countries.

Klarna, the BNPL giant, debuted on the NYSE with shares surging 30% above the $40 IPO price, valuing the company at $15 billion. The IPO raised $1.37 billion. CEO Sebastian Siemiatkowski likened the event to a wedding, marking a milestone but highlighting ongoing challenges. Klarna’s strategic shift to banking services, particularly in the US, faces competition from Affirm and others. The BNPL sector is intensely competitive and faces increasing regulatory scrutiny, particularly in Europe. Sequoia, an early investor, saw significant returns, while SoftBank’s later investment faced valuation decline.

Klarna, the BNPL giant, is preparing for its NYSE IPO under the ticker “KLAR,” potentially raising $1.27 billion at $35-$37 per share, valuing the company up to $14 billion. Existing shareholders will offer a significant stake alongside Klarna’s new share issuance. Goldman Sachs, JP Morgan, and Morgan Stanley are joint bookrunners. Klarna’s Q2 revenue grew 20% to $823 million, but net loss widened to $53 million. The IPO marks a significant step for the fintech firm aiming to become a comprehensive financial “super app.”

BP Prudhoe Bay Royalty Trust will not distribute a dividend for the quarter ending June 30, 2025. This is due to negative Per Barrel Royalty calculations, driven by low WTI prices and high costs. The Trust ceased operations on December 31, 2024, and its units will be delisted from the NYSE and commence trading on OTC Pink on July 1, 2025, facing reduced liquidity. All operations are now in the process of winding down.