Travel tech firm Navan set for Nasdaq debut after $923 million US IPO
Update: 2025-10-30
Description
Navan, an AI-focused business travel platform, is set to debut on the Nasdaq after raising $923 million in its public offering. Despite a recent U.S. government shutdown, the company priced its shares at $25 each, valuing it at $6.2 billion. Navan's all-in-one platform for managing business travel and expenses is entering a competitive market, with investors keen to see if its AI focus gives it an edge.
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