VCs have waited years for Navan to go public. Here are the big winners in its IPO.

After years of a rebrand, delayed IPOs, and pandemic whiplash, Navan's early investors are finally getting their reward.The corporate travel and expense management platform debuted on the Nasdaq on Thursday at $25 per share, in the middle of its expected range, raising $923 million at a $6.2 billion valuation. It's the largest company to test the IPO waters during the government shutdown. The shutdown has prompted some other companies to delay their public listings, including consumer group Unilever's sp ...