Corporate travel and expense management software maker Navan's shares fell 20% to $20, valuing it at $5B, after raising $923.1M in its IPO at a $6.2B market cap (Subrat Patnaik/Bloomberg) 31-10-2025

Subrat Patnaik / Bloomberg:
Corporate travel and expense management software maker Navan’s shares fell 20% to $20, valuing it at $5B, after raising $923.1M in its IPO at a $6.2B market cap — Navan Inc. shares slumped 20% after the business travel and expense management software maker and some of its shareholders raised $923.1 million …