Home / Business and Economy / Navan Launches IPO Roadshow, Seeks to Raise Up to $962M
Navan Launches IPO Roadshow, Seeks to Raise Up to $962M
21 Oct
Summary
- Navan plans to offer 36.9M shares at $24-$26 per share
- Offering includes 30M shares from Navan, 6.9M from existing stockholders
- Navan to list on Nasdaq under ticker "NAVN"
On October 21, 2025, Navan Inc., a leading business travel and expense management platform, announced the launch of its initial public offering roadshow. The company plans to offer 36,924,406 shares of Class A common stock, with an expected price range of $24.00 to $26.00 per share.
The offering includes 30 million shares from Navan and 6,924,406 shares from existing stockholders. Navan will not receive any proceeds from the stockholder sales. The company has also granted underwriters a 30-day option to purchase up to 5,538,660 additional shares to cover over-allotments.
Navan has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "NAVN." The company has filed a registration statement with the U.S. Securities and Exchange Commission, though it has not yet become effective. The securities cannot be sold until the registration statement becomes effective.
Navan operates as an all-in-one platform combining business travel, payments, and expense management services. The company is seeking to raise up to $962 million through this public offering, which will be used to fund its continued growth and expansion in the rapidly evolving business travel and expense management market.
