Navan's IPO
Listed Oct 30, 2025 at $25 on Nasdaq as NAVN.
Today 8.8% above its $25 offer price; its first day closed -20.0%.
Breakaway does the work for you: insider and Congress trades, the chart, and the financials, in one score.
See it live, free until Wednesday morning. No account. No card. Then keep going with a free account.
What does Navan do?
“Navan is an end-to-end, AI-powered software platform built to simplify the global business T&E experience, benefiting users, customers, and suppliers.”
| Fact | Navan |
|---|---|
| Incorporated | Delaware, 2015 |
| Headquarters | Palo Alto, California |
| Employees | approximately 3,400, as of July 31, 2025 |
| Website | navan.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | Navan |
|---|---|
| Shares offered | 30,000,000 |
| Offer price | $25 a share |
| Raised at that price | $923 million |
| Underwriters' discount | $48.1 million |
| Underwriters | Goldman Sachs, Citigroup, Jefferies, Mizuho, Morgan Stanley, and BNP Paribas, and 8 more |
| Exchange | Nasdaq Global Select Market, as NAVN |
| Shares outstanding after | 248,221,590 |
| Market cap at the offer price | $6.21 billion |
What the filing says about its money
| Fact | Navan |
|---|---|
| Net loss | $181 million, year to January 31, 2025 |
| Cash | $223 million, as of July 31, 2025 |
| Last preferred stock | Series G preferred |
What risks does Navan name first?
- “We have experienced rapid growth and operational and strategic expansion in recent periods.”
Every date of Navan's IPO
| What | Day |
|---|---|
| Registration filed | Sep 19, 2025 |
| Exchange registration filed | Oct 28, 2025 |
| Priced | Oct 29, 2025 |
| First trade | Oct 30, 2025 |
| Lock-up ends | Apr 27, 2026, at the latest |
How did its first days trade?
From its daily bars, each close against its $25 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Oct 30 | $22 | $20 | -20.0% |
| Oct 31 | $20 | $20.27 | -18.9% |
| Nov 3 | $20.27 | $17.23 | -31.1% |
| Nov 4 | $16.97 | $18.89 | -24.4% |
| Nov 5 | $18.84 | $17.70 | -29.2% |
What is Navan's Quality Score?
The other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
Navan IPO questions
When is Navan's IPO?
Listed Oct 30, 2025 at $25 on Nasdaq as NAVN.
What is Navan's IPO price?
Navan's IPO priced at $25 a share, per its final prospectus of Oct 31, 2025.
How many shares is Navan selling?
30,000,000 shares, per its final prospectus (424B4).
Who are the underwriters?
Goldman Sachs, Citigroup, Jefferies, Mizuho, Morgan Stanley, BNP Paribas, Citizens Capital Markets, Oppenheimer, MUFG, Needham, BTIG, Loop Capital Markets, Academy Securities, and Rosenblatt, as the prospectus's cover names them.
When does the lock-up end?
Navan's IPO lock-up ends Apr 27, 2026 at the latest; its prospectus lets it end sooner on the terms it sets out. Its final prospectus says: “.”
Does Breakaway rate Navan?
Navan has a Quality Score of 15 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where Navan's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.
Every new listing, ranked live, free. No account.
See all 16 new listings rankedSee it live, free until Wednesday morning. No account. No card. Then keep going with a free account.