corporate travel management – Charm

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

(Reuters) -Navan is set to make its Nasdaq debut later on Thursday, after the travel technology company raised $923 million in its listing and successfully navigated a U.S. government shutdown to go public. Momentum in the U.S. IPO market, which had picked up pace in the second half of the year after a years-‌long lull,…

Travel tech firm Navan’s IPO raises about $923 million

Cs news4 months ago4 months ago03 mins

(Reuters) -Corporate travel and expense company Navan on Wednesday priced its initial public offering at $25 per share, within its marketed range of $24 to $26 per share, raising about $923.1 million and reinforcing a strong momentum for fresh flotations. The Palo Alto, California-based firm sold 30 million shares to raise $750 million, while existing…