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Tag: Initial public offering
Navan sets price range for IPO, expects market cap of up to $6.5 billion
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Navan IPO Targets $960 Million Despite Government Shutdown
Business travel software company Navan Inc. is proceeding with a $960 million initial public offering despite the ongoing US government shutdown. The Palo Alto-based firm plans to sell 30 million shares at $24-26 each, with company founders also selling personal stakes in the offering.
Navan Inc., the business travel and expense management software provider, is moving forward with plans to raise up to $960 million through an initial public offering despite the current US government shutdown. The Palo Alto-based company filed registration documents Friday revealing its ambitious public market debut.