Tuesday, 16 December, 2025
Navan IPO Plunges 20% on Debut After SEC Shutdown Workaround
Corporate travel platform Navan's historic Nasdaq debut, facilitated by a rare SEC regulatory workaround during a government shutdown, saw its shares tumble 20% from the $25 IPO price. The company, which opted to proceed despite regulatory uncertainty, finished its first day with a market value of about $4.7 billion.
Read full story at TechCrunch