Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Navan, a corporate travel platform, filed for an IPO on Nasdaq, citing strong growth and improved profits.

flag Corporate travel and expense platform Navan, formerly TripActions, has filed for an IPO to list on Nasdaq under the symbol NAVN, reporting strong revenue growth and improved profitability. flag The company, which serves over 10,000 customers including major brands like Unilever and Adobe, saw 33% year-over-year revenue growth to $537 million in fiscal 2025 and reduced its net loss by 45% to $181 million, with gross margins reaching 68%. flag It plans to use IPO proceeds for debt repayment, product development, and general corporate needs. flag The filing comes amid a broader rebound in the IPO market, driven by tech firms and strong travel demand, with underwriters including Goldman Sachs and Citigroup leading the offering. flag Navan aims to expand its platform into broader corporate financial operations, leveraging AI through its virtual assistant Ava.

3 Articles