Corporate travel software provider Navan IPO priced at $24-26 per share, aiming to raise $923 million
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Corporate travel software provider Navan announced its initial public offering (IPO) pricing at $24-26 per share, aiming to raise $923 million. Navan will issue 36.9 million shares, of which 19% are secondary offering shares, with a market capitalization of $6.9 billion based on the midpoint. The company was founded in 2015, focusing on corporate travel and expense management, and currently has over 10,000 active customers, with projected revenue of $613 million by 2025. It plans to list on NASDAQ under the ticker symbol "NAVN"
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