নাভান আইপিও: লকডাউনের মধ্যে ট্রাভেল স্টার্টআপ Nasdaq-এ সর্বজনীন হওয়ার সাথে সাথে শেয়ারের মূল্য আজ ঘনিষ্ঠভাবে পর্যবেক্ষণ করা হবে
IPO Go! Silicon Valley-based travel technology company Navan’s shares hit the stock exchange Thursday. The company priced its initial public offering at $25 per share, raising approximately $923 million. The $25 per share price fell within the $24 to $26 range that the company set last week, when it announced it would offer approximately 37 million shares. The IPO values Navan at approximately $9.2 billion. Navan’s shares will trade on the Nasdaq under the ticker symbol “NAVN.”
Founded in 2015, the company describes itself as “a comprehensive business travel, payments, and expense management platform that makes travel easy for frequent travelers,” helping customers find flights and hotels, automate expenses, and providing “an intuitive experience that travelers love and finance teams rely on.” In other words, the company is using AI technology to simplify corporate and business travel, “aiming to rebuild an industry that hasn’t changed in 30 years,” according to filings with the Securities and Exchange Commission.
Navan is aiming to take flight as post-pandemic travel has dramatically rebounded. Data from the World Business Travel Association shows that global business travel spending is expected to reach a record $1.57 trillion by the end of 2025, though that estimate could be undermined by government shutdowns and other factors.
Notably, Navan is likely the most high-profile IPO since the federal government shutdown. The SEC filing process ground to a halt as the regulator furloughed 90% of its staff. This has dampened the IPO market, which has recovered this year: In Q3 2025, EY reported that 65 IPOs raised $15.7 billion, a significant increase from the 40 IPOs that raised $8.6 billion in Q3 2024. All told, there have been 176 billion IPOs, up over 320% from 2024.
Maplight Therapeutics, a comparatively small biotech company, also went public earlier this week, proving that the government’s regulatory machinery is still working, SEC Chairman Paul Atkins noted in a statement on X. “With Maplight’s listing yesterday, the IPO market is open for business – companies are going public during the government shutdown,” he wrote, using congressional procedure.
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(For Translation Tag)IPO(T) Navan(T) News
প্রকাশিত: 2025-10-30 21:15:00
উৎস: www.fastcompany.com
