Software Firm Tests IPO Waters During Shutdown

Emil Lendof/WSJ Software company Navan plans to make its stock-market debut Thursday despite a government shutdown that has stalled other new listings. Navan priced its offering at $25 a share, valuing Navan at roughly$ 6.2 billion, and raised around $923 million for the company and selling shareholders. It is the biggest company so far to stage an initial public offering using a workaround provided by the Securities and Exchange Commission. Most Read from The Wall Street Journal The IPO market had b ...