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Navan targets $6.4 B valuation in U.S. IPO
Navan seeks nearly $1 billion in its U.
Business-travel and expense platform Navan has filed for a U.S. listing aiming to raise up to $960 million. The company set its price band between $24 and $26 a share, seeking a valuation near $6.4 billion. The proceeds will fund expansion of AI-based travel management tools and debt repayment. If completed, Navan’s IPO would be one of the largest tech offerings of 2025.