Core Viewpoint - Navon, a corporate travel and expense software developer, is going public on NASDAQ with an IPO priced at $25 per share, raising approximately $925 million and achieving a valuation of around $6.2 billion [1] Company Overview - Navon has been recognized on CNBC's Disruptor 50 list for two consecutive years, highlighting its innovative approach in the corporate travel sector [1] - The company focuses on enhancing the travel experience for business travelers, providing quick solutions for travel changes and expense management [2][12] Technology and Services - Navon's platform includes a chatbot named Ava, which assists travelers in managing their itineraries, changing flights, and booking accommodations with just one click [3][12] - The company utilizes machine learning and AI to streamline the expense management process, allowing users to swipe a credit card and automatically generate receipts based on transaction data [6][14] Customer Base - Navon serves a diverse range of clients, from large corporations like Unilever and Adobe to small businesses with as few as 10 employees, ensuring that all travelers receive efficient support [4][5] Cost Savings - Companies using Navon's services reportedly save about 15% on their travel budgets, demonstrating the platform's effectiveness in optimizing travel expenses [14]
Cracking the corporate travel business: Navan CEO Ariel Cohen on the company's IPO journey