9bn travel tech firm Navan, led by CEO Ariel Cohen, is nearing profitability and preparing for an IPO this year.

9bn travel tech firm Navan is set to reach profitability this year, with CEO Ariel Cohen stating the company is "not far" from an IPO. The business has raised over $1.5bn in funding and was last valued at $9.2bn. CEO Ariel Cohen is preparing the company for an eventual IPO this year, as leaders of privately-held startups increasingly express optimism about their prospects in the public markets.

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