Reported about 14 hours ago
Despite a government shutdown hindering new IPOs, software company Navan successfully launched its stock-market debut, pricing shares at $25 and raising approximately $923 million. Valued at around $6.2 billion, Navan's listing marks a significant achievement using a workaround from the SEC. Other companies have delayed their IPO plans due to the shutdown, but Navan's decision reflects the trend of profitable summer listings.
Source: YAHOO