Business travel software company Navan (NAVN.US) applies for an IPO in the US, planning to raise up to 8 billion US dollars.

The company Navan, which provides business travel and expense management software, has submitted an IPO application to the U.S. Securities and Exchange Commission, expecting to raise up to $800 million. The company, formerly known as TripActions, offers a business travel and expense management platform. Its core proprietary systems include Navan Cloud, which aggregates and provides global travel inventory; Navan Cognition, an artificial intelligence framework that supports booking and expense processing; and Ava, a virtual agent that handles daily customer interactions. As of January 31, 2025, the company has over 10,000 active customers. Founded in 2015, the company reported revenues of $613 million in the 12 months ending on July 31, 2025. The company plans to list on NASDAQ under the code NAVN. Navan submitted the application confidentially on June 20, 2025. Goldman Sachs, Citigroup, Jefferies, Mizuho Securities, Morgan Stanley, BNP Paribas, Citizens JMP, Oppenheimer & Co., MUFG Securities America, Needham & Co., and BTIG are the joint book-running managers for the transaction. The company did not disclose pricing terms.