Corporate travel and expense management software maker Navan and its shareholders raised $923.1M in a US IPO priced at $25/share, giving it a $6.2B market cap (Subrat Patnaik/Bloomberg)

TechmemeThursday, October 30, 2025 at 9:15:04 AM
Corporate travel and expense management software maker Navan and its shareholders raised $923.1M in a US IPO priced at $25/share, giving it a $6.2B market cap (Subrat Patnaik/Bloomberg)
Navan, a corporate travel and expense management software company, has successfully raised $923.1 million through its IPO, pricing shares at $25 each and achieving a market capitalization of $6.2 billion. This significant funding not only highlights the growing demand for travel management solutions but also positions Navan as a key player in the industry. Investors are optimistic about the company's future, reflecting confidence in its business model and growth potential.
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