FILE PHOTO: Navan logo is seen in this illustration taken, September 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Corporate travel and expense company Navan on Wednesday priced its initial public offering at $25 per share, within its marketed range of $24 to $26 per share, raising about $923.1 million and reinforcing a strong momentum for fresh flotations.
The Palo Alto, California-based firm sold 30 million shares to raise $750 million, while existing stockholders sold about 6.9 million shares to raise the remaining amount.
