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Navan Eyes $923 Million IPO, Valuing Company at $6.9 Billion

10/11/2025

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Summary

Story summary

Navan, a Palo Alto-based travel and expense software developer, plans to raise $923 million in its IPO by offering 36.9 million shares priced between $24 and $26.
The IPO would value the company at about $6.9 billion.
Navan was founded in 2015 as TripActions.
Navan has over 10,000 active customers and offers Navan Cloud and Navan Cognition.
The company plans to list on the Nasdaq under the ticker NAVN.

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Story summary

Navan, a Palo Alto-based travel and expense software developer, plans to raise $923 million in its IPO by offering 36.9 million shares priced between $24 and $26.
The IPO would value the company at about $6.9 billion.
Navan was founded in 2015 as TripActions.
Navan has over 10,000 active customers and offers Navan Cloud and Navan Cognition.
The company plans to list on the Nasdaq under the ticker NAVN.