Travel tech firm Navan set for Nasdaq debut after $923 million US IPO

Navan, an AI-focused business travel platform, is set to debut on the Nasdaq after raising $923 million in its public offering. Despite a recent U.S. government shutdown, the company priced its shares at $25 each, valuing it at $6.2 billion. Navan's all-in-one platform for managing business travel and expenses is entering a competitive market, with investors keen to see if its AI focus gives it an edge.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.