Core Viewpoint - Navan has officially launched its initial public offering (IPO) roadshow, marking a significant step towards becoming a publicly traded company [1] Group 1: IPO Details - Navan plans to offer a total of 36,924,406 shares of Class A common stock, with an expected price range between $24.00 and $26.00 per share [2] - Of the total shares, 30 million will be issued by Navan, while 6,924,406 shares will be sold by existing stockholders, with Navan not receiving any proceeds from the stockholder sales [2] - The company has granted underwriters a 30-day option to purchase up to 5,538,660 additional shares to cover potential over-allotments [3] Group 2: Listing and Underwriters - Navan aims to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "NAVN" [4][10] - The underwriting group includes Goldman Sachs and Citigroup as lead book-running managers, with Jefferies, Mizuho, and Morgan Stanley as joint bookrunners [6] Group 3: Business Model and Market Position - Navan operates as an all-in-one business platform that integrates travel management, payments, and expense tracking, streamlining corporate travel and spending [7] - The IPO reflects Navan's growing confidence in its market position and ambition to become a leader in the enterprise software sector [8][11] Group 4: Purpose of IPO - The company is going public to raise capital and expand its presence in the business travel and expense management space [9][11]