Navan Inc., a business-travel and expense-management technology firm, raised roughly US$923 million in its initial public offering by pricing at US$25 per share and valuing the company at about US$6.2 billion. The company serves clients including Shopify and Zoom Video Communications and integrates AI-driven features across travel-booking, payments and expense workflows. The IPO signals renewed investor appetite for growth tech despite macro uncertainty and comes after a brief pause in new listings earlier this month.

Advertising giant WPP plc saw its shares drop around 16% after announcing a strategic review led by new CEO Cindy Rose, who called recent performance “unacceptable.”™ The company expects revenue to drop 5.5–6.0% in 2025, deeper than prior forecasts, with operating-margin targets trimmed to about 13%.™ Client losses and technology-competition pressures drove the warning, pushing the share price to its lowest level since 1998.™ The overhaul includes simplification of operations and doubling down on AI/data-driven services.