Navan IPO Date, Price, Terms, and S-1
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The Navan IPO date was October 30th. The final IPO price was $25 per share. The stock opened for trading at $22 and closed its first day at $20 per share, down 20%. The stock symbol is “NAVN” and now trades on the Nasdaq.
Navan filed for an IPO on Friday, September 19th and updated terms on October 10th.
Robinhood, Public, and SoFi Invest provided IPO access to the deal. See the complete list of IPO brokers here.
Table of Contents
Recent Navan News
10/30/2025: Navan Opens for Trading at $22
10/21/2025: Navan IPO Available on Robinhood, SoFi
09/30/2025: Navan Plans to Raise $750 Million in IPO
09/20/2025: Navan Files S-1 for its IPO
Older news…
About Navan
Navan is a travel and expense management software-as-a-service (SaaS) provider for small businesses and corporate enterprises.
The Palo Alto, California-based startup was founded in May 2015 as TripActions by Ariel Cohen and Ilan Twig, who previously cofounded and sold StreamOnce.
The company emerged from stealth mode in early 2017 and rebranded to Navan in early 2023.
Navan empowers employees to reserve, manage, and view their travel and expenses on an intuitive, modern, and mobile platform.
Behind the scenes, travel and expense data helps businesses run more efficiently, providing business intelligence to analyze costs and make data-driven decisions.
Pronounced “nah-vaughn”, the company derived its name from the words “navigate” and “avant” — “the art of navigating the world with ease and grace”.
Here’s my Navan IPO podcast preview:
Terms
- Navan IPO Date: October 30th, 2025
- Stock Symbol: “NAVN”
- Exchange: Nasdaq
- Offering: 36,924,406 (30,000,000 new shares, 6,924,406 selling stockholders)
- Final IPO Price: $25
- Opening Trade: $22
- Opening Trade Time: 12:45 pm ET
- Initial IPO Price Range: $24-$26
- Raise: $920 million
- IPO Valuation: $6.5 billion
- IPO Access: Robinhood, SoFi, Public
- IPO Date: October 30th
- Lead Underwriters: Goldman Sachs, Citigroup
Navan S-1 Filing
Get the most recent version of the Navan S-1 filing on the SEC website.
Pre-IPO Ownership
Navan was a venture-based startup. Ownership is comprised of the founders, employees, and multiple high-profile venture capital firms.
Prominent pre-IPO venture capital investors include Andreessen Horowitz, Lightspeed Ventures, SGVC, Zeev Ventures, Vista Equity Partners, Addition, Group 11, Base Partners, and Coatue.
Pre-IPO Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series G | 10/11/22 | $9.20B | $304.00M | $12.48 |
| Series F | 12/03/21 | $7.25B | $275.00M | $10.78 |
| Series E | 01/20/21 | $5.36B | $362.00M | $8.71 |
| Series D | 07/09/19 | $4.00B | $250.00M | $7.41 |
| Series C | 11/07/18 | $1.18B | $154.00M | $2.40 |
| Series B | 03/06/18 | $151.00M | $51.00M | $0.62 |
| Series A1 | 09/30/17 | $37.52M | $14.60M | $0.20 |
| Series A | 02/11/16 | $40.10M | $10.10M | $0.17 |
| Seed Round | 05/06/15 | $14.50M | $4.50M | $0.08 |
| Source: Caplight |
Valuation
The last confirmed Navan pre-IPO valuation was $9.2 billion based on an October 2022 Series G funding round.
IPO Prelude
The company filed for an IPO on September 19th, 2025.
The company filed confidentially in June 2025, confirming its intent to move forward. Goldman Sachs served as lead underwriter.
An April 24th, 2024 report by Business Insider said that Navan planned to IPO in April 2025 (and before that, said April 2024). Neither happened.
CEO Ariel Cohen has said the company is “not far” from an IPO, but is holding the specific timeline back from statements.
With the new hiring of Goldman Sachs, it seems they may need to resubmit or significantly update their confidential file.
We’ll wait for the next reporting scoop to see if there will be an updated news story around the upcoming Navan IPO date.
I’ll update this page with news and updates as we learn more.
How to Invest in Navan Stock
Now that Navan stock trades publicly, investors can own shares in the company through any broker.
Frequently Asked Questions (FAQs)
Is Navan publicly traded today?
Yes. Navan stock began trading on October 30th, 2025.
What is the Navan stock symbol?
The Navan stock symbol is “NAVN”.
What is the Navan stock price?
Navan News Archive
06/20/2025: Navan confidentially files for US IPO
05/08/2025: Travel tech firm Navan hires banks for U.S. IPO
05/20/2024: Navan ‘not far’ from IPO
04/24/2024: Navan is targeting an April 2025 IPO
08/25/2023: BI: Navan is Targeting an April 2024 IPO
02/07/2023: TripActions Rebrands to Navan
10/12/2022: Navan’s Platform Increases Valuation to $9.2B
09/28/2022: BI: TripActions Files Confidentially for an IPO
10/13/2021: From $0 in revenue to a $7.25B valuation
11/08/2018: TripActions raises $154M with valuation north of $1B
03/07/2018: TripActions raises $51 million to take on corporate travel giants
01/24/2017: TripActions raises $14.6 million for its corporate travel booking tool
Conclusion
Navan is a popular enterprise SaaS company for travel and expense management. Though not a household name, its rapid growth over the past decade has drawn significant attention from venture capital and institutional investors.
Following years of speculation and multiple funding rounds, Navan has now completed its IPO, marking a major milestone in its evolution from startup to publicly traded company.
Investors who waited for the public debut can now purchase Navan stock directly on the open market. Those who gained early access through pre-IPO platforms may already be seeing how the market values the company post-listing.
As always, investing in newly public companies carries risk. Conduct thorough research and consider your risk tolerance before buying Navan stock.
Craig Stephens founded Access IPOs in 2016 to help ordinary investors explore IPO and pre-IPO opportunities. He also manages the Access Club, a membership community for IPO and startup investors. Craig studied Finance at Michigan State University and lives in Northern Virginia. Learn more about Craig.
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