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6h agoNavan Inc. raises ~US$923 million in IPO, values it at ~US$6.2 billion
Travel-tech company Navan Inc. priced its initial public offering at US$25 per share, raising about US$923.1 million including both new shares and existing-shareholder stake sales. The listing gives it a market valuation of approximately US$6.21 billion. The Palo Alto-based firm sells travel-and-expense management services to corporate clients and expands into payments and platform infrastructure. The success marks stronger investor appetite for back-office tech firms amid a rebound in IPO activity despite macro headwinds. It listed on the Nasdaq under ticker symbol NAVN.
positive
6h agoNavan Inc. raises ~US$923 million in IPO, values it at ~US$6.2 billion
Travel-tech company Navan Inc. priced its initial public offering at US$25 per share, raising about US$923.1 million including both new shares and existing-shareholder stake sales. The listing gives it a market valuation of approximately US$6.21 billion. The Palo Alto-based firm sells travel-and-expense management services to corporate clients and expands into payments and platform infrastructure. The success marks stronger investor appetite for back-office tech firms amid a rebound in IPO activity despite macro headwinds. It listed on the Nasdaq under ticker symbol NAVN.
positive
Navan Inc. raises ~US$923 million in IPO, values it at ~US$6.2 billion
about 7 hours ago
1 min read
82 words
Navan IPO raises US$923 million, valuing the travel-tech firm at roughly US$6.2 billion as IPO market revives.
Travel-tech company Navan Inc. priced its initial public offering at US$25 per share, raising about US$923.1 million including both new shares and existing-shareholder stake sales. The listing gives it a market valuation of approximately US$6.21 billion. The Palo Alto-based firm sells travel-and-expense management services to corporate clients and expands into payments and platform infrastructure. The success marks stronger investor appetite for back-office tech firms amid a rebound in IPO activity despite macro headwinds. It listed on the Nasdaq under ticker symbol NAVN.
Travel-tech company Navan Inc. priced its initial public offering at US$25 per share, raising about US$923.1 million including both new shares and existing-shareholder stake sales. The listing gives it a market valuation of approximately US$6.21 billion. The Palo Alto-based firm sells travel-and-expense management services to corporate clients and expands into payments and platform infrastructure. The success marks stronger investor appetite for back-office tech firms amid a rebound in IPO activity despite macro headwinds. It listed on the Nasdaq under ticker symbol NAVN.
Companies:
Navan Inc.
Tags:
ipo
startups
ipo
startups
technology
markets
funding
Oct 30, 2025 • 05:56 IST