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Travel tech firm Navan eyes $6.45 billion valuation in US IPO
NavanNavan(US:NAVN) Yahoo Finance·2025-10-11 04:52

By Prakhar Srivastava (Reuters) -Corporate travel and expense company Navan said on Friday it is targeting a valuation of up to 6.45billioninitsU.S.initialpublicoffering,belowthelevelitreachedina2022fundinground,asitpushesaheadwithlistingplansdespitetheU.S.governmentshutdown.ThePaloAlto,Californiabasedfirmplanstoraiseabout6.45 billion in its U.S. initial public offering, below the level it reached in a 2022 funding round, as it pushes ahead with listing plans despite the U.S. government shutdown. The Palo Alto, California-based firm plans to raise about 960 million by offering 36.92 million shares priced between 24and24 and 26 apiece. Its shares are expected to begin trading on the Nasdaq under th ...