Navan IPO tumbles 20% after historic debut under SEC shutdown workaround

techcrunch.com/2025/10/30/navan-ipo-tumbles-20-after-historic-debut-under-sec-shutdown-workaround

Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company.
The company was the first to use a new SEC rule that allows…

This story appeared on techcrunch.com, 2025-10-31 00:40:05.648000.
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