Transit tech firm Via valued at $3.5 billion as shares fall in NYSE debut

Transit technology maker Via Transportation was valued at $3.5 billion on Friday after its shares fell 4.4% in their NYSE debut.

The stock opened at $44, below the $46 offer price.

Via and selling shareholders raised $493 million by selling 10.7 million shares, priced above the marketed range of $40 to $44.