Group 1 - Navan plans to raise up to $960 million through an IPO in the U.S., with a proposed share price range of $24 to $26 [1] - The IPO will consist of 30 million newly issued shares and 6.9 million shares sold by existing shareholders, including CEO Ariel Cohen and CTO Ilan Twig [1] - The company intends to list on NASDAQ under the ticker symbol "NAVN" [1] Group 2 - Navan, formerly known as TripActions, offers a business travel and expense management platform with proprietary systems like Navan Cloud and Navan Cognition [2] - As of January 31, 2025, Navan has over 10,000 active customers [2] - For the six months ending July 31, the company reported revenue of $329.4 million and a net loss of $99.9 million, compared to $253.7 million in revenue and a net loss of $92.5 million in the same period the previous year [2]

Core Viewpoint - Navan, a company providing business travel and expense management software, has filed for an IPO with the potential to raise up to $800 million [1] Company Overview - Navan, formerly known as TripActions, offers a platform for business travel and expense management [1] - The company's proprietary systems include Navan Cloud for global travel inventory, Navan Cognition for AI-supported booking and expense processing, and a virtual agent named Ava for customer interactions [1] - As of January 31, 2025, Navan has over 10,000 active customers [1] Financial Performance - For the 12 months ending July 31, 2025, the company reported revenue of $613 million [1] IPO Details - Navan plans to list on NASDAQ under the ticker symbol NAVN [1] - The company submitted its IPO application confidentially on June 20, 2025 [1] - A group of underwriters including Goldman Sachs, Citigroup, Jefferies, Mizuho Securities, Morgan Stanley, and others are involved in the transaction [1] - Pricing terms for the IPO have not been disclosed [1]