1. Corporate travel management company Navan has filed updated IPO documents with the SEC on October 12, 2025, despite the ongoing government shutdown.
2. The new SEC rules allow companies in limbo during the shutdown to file updated information and receive automatic approval within 20 days, without staff scrutiny.
3. Navan plans to sell 30 million shares, with insiders selling an additional 7 million at a price range of $24 to $26. If successful, it would raise over $960 million and be valued at $6.45 billion.
2. The new SEC rules allow companies in limbo during the shutdown to file updated information and receive automatic approval within 20 days, without staff scrutiny.
3. Navan plans to sell 30 million shares, with insiders selling an additional 7 million at a price range of $24 to $26. If successful, it would raise over $960 million and be valued at $6.45 billion.
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Summary
Navan, a corporate travel management firm, filed updated IPO documents with the SEC on October 12, 2025, during the government shutdown. Under new SEC rules, companies in limbo can file updates and receive automatic approval within 20 days without staff scrutiny. Navan aims to sell 30 million
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ID: 94cc8b14-8aac-48ee-8768-636b97a7c2df
Category ID: listed_summary
Date: Oct. 12, 2025
Notes: 2025-10-12
Created: 2025/10/12 12:20
Updated: 2025/12/08 00:37
Last Read: 2025/10/12 13:59