Reported about 11 hours ago
Travel tech company Navan successfully priced its initial public offering at $25 per share, raising approximately $923.1 million. The offering, which included 30 million newly issued shares and 6.9 million shares sold by existing stockholders, positions the company's valuation at $6.21 billion. Navan, founded in 2015 and originally focused on corporate travel management, has expanded its services and will list its shares on the Nasdaq Global Market under the symbol NAVN.
Source: YAHOO