Core Viewpoint - Navan, a corporate travel and expense management platform, debuted on the US stock market with its share price declining over 15% from its IPO price of $25 to $21.1 [1] Company Overview - Navan was founded in 2015 by Ariel Cohen and Ilan Twig, initially named TripActions, with a focus on revolutionizing traditional travel services [1] - The company has expanded its services beyond corporate travel management to include corporate payments and expense management [1] Clientele - Navan serves a global clientele that includes notable companies such as Zoom Communications and Lyft [1]

Core Viewpoint - Navan, a corporate travel and expense management platform, debuted on the US stock market with its stock price declining over 15% from its IPO price of $25 to $21.1 [1] Company Overview - Navan was founded in 2015 by Ariel Cohen and Ilan Twig, initially named TripActions [1] - The company's core business focuses on corporate travel management, aiming to innovate traditional travel service models previously dominated by companies like American Express and SAP Concur [1] - Over the years, Navan has expanded its services to include corporate payments and expense management [1] Clientele - Navan serves a global client base that includes notable companies such as Zoom Communications and Lyft [1]

Core Insights - Navan, a provider of corporate travel and expense management software, announced its IPO details, aiming to raise $923 million by offering 36.9 million shares at a price range of $24 to $26, which would value the company at $6.9 billion if priced at the midpoint [1][2] Company Overview - Founded in 2015, Navan, previously known as TripActions, has developed a platform that integrates global travel inventory and expense management through its proprietary systems, including Navan Cloud, Navan Cognition, and a virtual agent named Ava [1][2] - As of January 31, 2025, Navan has over 10,000 active clients [1] Financial Performance - For the 12 months ending July 31, 2025, Navan reported revenue of $613 million [2] IPO Details - The company plans to list on the NASDAQ under the ticker symbol "NAVN" with a syndicate of underwriters including Goldman Sachs, Citigroup, Jefferies, and others [2]