Navan IPO tumbles 20% after historic debut under SEC shutdown workaround

October 31, 2025

, By Techcrunch

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Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company.

The company was the first to use a new SEC rule that allows public listings during a government shutdown.

Unlike the traditional IPO path, which requires SEC regulators to review and grant final approval, companies using the shutdown workaround can get automatic approval for their IPO documents 20 days after submitting…

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Navan IPO tumbles 20% after historic debut under SEC shutdown workaround

October 31, 2025

, Published By Techcrunch

Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company.

The company was the first to use a new SEC rule that allows public listings during a government shutdown.

Unlike the traditional IPO path, which requires SEC regulators to review and grant final approval, companies using the shutdown workaround can get automatic approval for their IPO documents 20 days after submitting…

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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Previous News

Redacto raises Rs 12 Cr in seed round led by PeerCapital

Next News

Tim Cook says iPhone 17 demand stronger than Apple expected

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