1. Corporate travel management company Navan, formerly known as TripActions, has filed updated IPO documents with the SEC, taking advantage of new rules that allow companies to proceed during a government shutdown.
2. Navan plans to sell 30 million shares and insiders an additional 7 million shares at a price range of $24 to $26, aiming to raise over $960 million and be valued at $6.45 billion.
3. The company generated rolling 12-month revenue of $613 million, with losses of $188 million. Navan is backed by Lightspeed, Andreessen Horowitz, Zeev Ventures, and Greenoaks.
2. Navan plans to sell 30 million shares and insiders an additional 7 million shares at a price range of $24 to $26, aiming to raise over $960 million and be valued at $6.45 billion.
3. The company generated rolling 12-month revenue of $613 million, with losses of $188 million. Navan is backed by Lightspeed, Andreessen Horowitz, Zeev Ventures, and Greenoaks.
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Summary
Navan (formerly TripActions), a corporate travel management firm, has updated IPO documents with the SEC, enabling it to proceed despite a government shutdown. The company aims to sell 30 million shares, along with 7 million insider shares, priced between $24 and $26 each. The offering seeks to
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ID: 8dc9b6b2-5f61-45c5-afd1-5a1af7762cf3
Category ID: listed_summary
Date: Oct. 11, 2025
Notes: 2025-10-11
Created: 2025/10/11 08:20
Updated: 2025/12/08 00:44
Last Read: 2025/10/11 08:47