Navan, Inc. (Ticker: NAVN US) is a U.S. corporate travel, payments, and expense software company. Navan plans to list on Nasdaq on October 30, 2025, offering 36.92 million shares at $24–$26, raising up to about $960 million from the company and selling shareholders. The deal implies a valuation of up to roughly $6.45 billion. Proceeds to Navan will be used in part to repay outstanding debt. Goldman Sachs and Citigroup are lead underwriters, joined by Jefferies, Mizuho and Morgan Stanley. The IPO is proceeding during the U.S. government shutdown using the SEC’s 20-day marketing workaround to run the roadshow ahead of Thanksgiving. Founded in 2015 (as TripActions) and domiciled in the United States, Navan provides an integrated platform for corporate travel management, payments and expense control to global clients. Co-founders are among the selling shareholders.