Navan shares fall after $920M IPO amid US government shutdown

Core Insights - Navan Inc., a business travel and expense management software company based in Palo Alto, experienced a significant decline in its stock price following its public debut amid the ongoing US government shutdown [1] Company Summary - The company specializes in business travel and expense management solutions, which are critical for organizations looking to streamline their travel operations and manage expenses effectively [1] - The timing of the public offering coincided with a government shutdown, which may have contributed to the negative market reaction and subsequent drop in share price [1]