US Stock Market Move | Navan (NAVN.US) is listed on the US stock market, and its opening stock price has fallen.

On Thursday, the enterprise travel and expense management platform Navan (NAVN.US) made its debut on the US stock market, opening with a drop in stock price. As of the time of reporting, the stock has fallen by over 15%, trading at 21.1 US dollars. The IPO price was 25 US dollars. Navan was founded by Ariel Cohen and Ilan Twig in 2015, initially named TripActions, with its core business being enterprise travel management. The company was established with the goal of revolutionizing the traditional travel services model, which was previously mainly provided by companies such as American Express Company (AXP.US) and SAP Concur. According to information on the Navan official website, over the years, the company has expanded its business to enterprise payment and expense management, serving global customers including Zoom Communications (ZM.US) and Lyft (LYFT.US).