Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company. The company was the first to use a new SEC rule that allows public listings during a government […]
Navan IPO tumbles 20% after historic debut under SEC shutdown workaround Read More »
Corporate travel management company Navan — once known as TripActions — filed updated IPO documents with the U.S. Securities and Exchange Commission on Friday, even though the federal government is currently shut down. Navan is proceeding under new SEC rules that allows wanna-be public companies that are in limbo during the shutdown to file updated information, including share count and pricing, and have their statements automatically okayed in 20 days without staff scrutiny. Once
Navan plows ahead with IPO during shutdown, aims for $6.45B valuation Read More »
