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]

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]