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

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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, stalled at the start of October when the U.S. markets regulator furloughed staff and paused the review of filings.

The Securities and Exchange Commission later eased restrictions, allowing companies to proceed with listings during the shutdown,…



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



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, stalled at the start of October when the U.S. markets regulator furloughed staff and paused the review of filings.

The Securities and Exchange Commission later eased restrictions, allowing companies to proceed with listings during the shutdown,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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