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Navan Priced, Nasdaq: NAVN

Provides software for corporate travel and expense management.

Industry: Technology

Latest Trade: $14.66 0.00 (0.0%)

First Day Return: -20.0%

Return from IPO: -41.4%

Industry: Technology

Navan is an end-to-end, AI-powered software platform built to for the global business T&E experience, benefiting users, customers, and suppliers. The product leverages technology to simplify business travel. Navan built a platform that serves as the foundation for further disruption. We deliver delightful, personalized experiences for users, efficiency and control for customers, and direct market access for suppliers—all powered by our proprietary AI framework, Navan Cognition. The Navan platform creates a flywheel effect where the user, customer, and supplier benefits reinforce each other. Our enterprise-grade platform is characterized by its intuitive design, ease of use, and tangible time-saving features, which foster a user-centric experience that travelers genuinely appreciate. This is reflected in our overall CSAT score of 96%, our virtual agent CSAT score of 78%, which is on par with human agent performance, and NPS of 43, each for the six months ended July 31, 2025. When frequent travelers have a positive, efficient experience and earn rewards, they are more likely to use Navan. The increased adoption gives the customer greater visibility into spending, stronger policy control, and cost savings, making them more invested in the platform. This, in turn, attracts more suppliers who want access to our large and loyal user base.
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IPO Data
IPO File Date 09/19/2025
Offer Price $25.00
Price Range $24.00 - $26.00
Offer Shares (mm) 36.9
Deal Size ($mm) $923
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/29/2025
Offer Price $25.00
Price Range $24.00 - $26.00
Offer Shares (mm) 36.9
Deal Size ($mm) $923
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Citi
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Company Data
Headquarters Palo Alto, CA, United States
Founded 2015
Employees at IPO 3,400
Website www.navan.com

Navan (NAVN) Performance