Navan Files for US IPO with Strong Revenue Growth

Navan, the corporate travel management and payments platform formerly known as TripActions, has filed for an IPO in the U.S. The filing reveals a 30% revenue increase for the first half of fiscal 2026: revenue reached $329.4 million, up from $253.7 million a year earlier. However, net losses also widened to about $99.9 million. Valuation estimates for the IPO are above $8 billion. The company aims to tap institutional and public capital markets amidst renewed tech IPO activity.