Navan, Inc.

Navan, Inc. (NAVN) priced its initial public offering on Oct 31, 2025 at $25.00 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $6.21B. Goldman Sachs was lead-left underwriter, joined by Citigroup, Jefferies and Mizuho and others. Cooley advised the company and Fenwick & West advised the underwriters.

Navan, Inc. provides an AI-powered software platform for business travel and expense management. The platform serves travelers, corporate customers and travel suppliers and runs on the company's proprietary AI framework, Navan Cognition.

Status

IPO

Ticker

NAVN

Exchange

Nasdaq Global Select

Priced

Oct 31, 2025

IPO price

$25.00

Market cap at IPO price

$6.21B

First filed

Sep 19, 2025

Underwriters

Goldman Sachs, Citigroup, Jefferies, Mizuho, Morgan Stanley, Oppenheimer, Needham, BTIG, Loop Capital, Academy Securities and Rosenblatt

Company counsel

Cooley

Underwriters' counsel

Fenwick & West

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.