Travel tech firm Navan confidentially files to go public in US

Travel tech firm Navan confidentially files to go public in US

(Reuters) -U.S. corporate travel and expense company Navan on Friday disclosed it had confidentially filed for a U.S. initial public offering, as investor optimism for new listings grow. The terms of the offering were not disclosed. Activity in the U.S. IPO market, which started the year on a slower footing, has shown signs of a sustained revival after a couple of fresh flotations received overwhelming investor support. Navan, founded in 2015 as…

Corporate travel and expense management service Navan, formerly known as TripActions, confidentially files for a US IPO; it was valued at $9.2B in October 2022

Navan Moves Toward IPO With Confidential SEC Filing

Navan has filed a draft registration statement with the SEC, indicating its plans to submit an initial public offering.