Winklevoss twins grow $3 billion richer as -2-

Black Rock Coffee reported a net loss of $1.95 million on revenue of $95.2 million in the six months that ended June 30, compared with a net loss of $2.26 million and revenue of $76.7 million in the year-ago period.

Via Transportation's IPO generates solid gain

Via Transportation's stock (VIA) closed at $49.51 a share for a 7.6% gain over its IPO price of $46 a share.

The New York-based maker of software for the management of transportation systems sold 10.7 million shares at an IPO price of $46, which was above the estimated price range of $40 to $44 a share.

The IPO raised $492.86 million, with $164.29 million going to the company and $328.57 million to selling shareholders.

The lead underwriters were Goldman Sachs, Morgan Stanley, Allen & Co. and Wells Fargo Securities.

With 79.51 million shares outstanding after the public offering, Via had a market capitalization of $3.66 billion at the IPO price.

Via Transportation reported a net loss of $37.54 million and revenue of $205.8 million in the six months ended June 30, compared with a loss of $50.17 million and revenue of $162.6 million in the year-earlier period.

Tomi Kilgore, Mike Murphy and Frances Yue contributed.

-Steve Gelsi

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09-12-25 1804ET