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Navan, Inc. faces a class action lawsuit over its 2025 IPO for allegedly hiding a 39% sales rise, causing its stock to drop nearly 60%.
Navan, Inc. is facing a class action lawsuit over its October 2025 IPO, with allegations that the company and its executives failed to disclose a 39% quarterly increase in sales and marketing expenses—nearly $95 million—potentially misleading investors.
The lawsuit claims these omissions made public statements during the offering materially false, contributing to a nearly 60% drop in the stock price from its $25 IPO level.
Despite strong underlying performance, including 29% year-over-year revenue growth and a $2.6 billion gross booking volume, the stock traded at $10.59 as of February 17, 2026.
Investors who bought shares during the IPO period may be eligible to join the case, with a deadline of April 24, 2026, to seek lead plaintiff status.
The case is being handled by multiple law firms, including Bernstein Liebhard LLP, on a contingency basis.
Navan, Inc. se enfrenta a una demanda colectiva sobre su IPO 2025 por supuestamente ocultar un aumento de ventas del 39%, lo que provocó que sus acciones cayeran casi un 60%.