Group 1 - Navan has set its IPO price at $25 per share, within the initial range of $24 to $26, raising approximately $923.1 million [1][2] - The company plans to issue 30 million new shares to raise $750 million, while existing shareholders will sell about 6.9 million shares to cover the remaining amount [1] - Post-IPO, Navan's potential valuation is estimated at $6.21 billion, down from a previous valuation of $9.2 billion during its Series G funding round in 2022 [1] Group 2 - Despite a temporary slowdown in new stock offerings due to the U.S. government shutdown, analysts and company executives are optimistic about the recovery of the IPO market, indicating a significant increase in market activity in the coming quarters [1] - Navan, founded in 2015, initially named TripActions, aims to innovate traditional travel services previously dominated by companies like American Express and SAP Concur [1] - The company has expanded its services to include corporate payments and expense management, with global clients such as Zoom and Lyft [2]