PALO ALTO, Calif.–(BUSINESS WIRE)–Oct 21, 2025–
Navan, Inc., an all-in-one business travel, payments, and expense management platform, today announced the launch of the roadshow for its proposed initial public offering of 36,924,406 shares of its Class A common stock. The offering consists of 30,000,000 shares of Class A common stock being offered by Navan and 6,924,406 shares of Class A common stock being offered by existing stockholders (the “Selling Stockholders”). Navan will not receive any proceeds from the sale of shares by the Selling Stockholders. In connection with the proposed offering, Navan expects to grant the underwriters a 30-day option to purchase up to an additional 5,538,660 shares of its Class A common stock to cover over-allotments. The initial public offering price is currently expected to be between $24.00 and $26.00 per share. Navan has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “NAVN.”
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