IPO Preview | Navan Will be Listed on 10/30/2025

Navan intend to list their shares of common stock for trading on 10/30/2025, under the symbol “NAVN”. Citigroup Global Markets Inc.、Goldman Sachs & Co. LLC is acting as the representative of the underwriters of this offering. The initial public offering is 36.924406 million shares.
*It should be noted that the timing of IPOs may change at any time (including early or late), so investors should continue to follow the relevant news.

【Financial Results】
From 2/1/2025 to 7/31/2025, the revenue of Navan was 329.413 miilion USD, the net loss of Navan was 99.88 million USD.
In 2025, the revenue of Navan was 536.837 miilion USD, the net loss was 181.078 million USD.
In 2024, the revenue was 402.256 miilion USD, the net loss was 331.552 million USD.

【Company Profile】
Navan, Inc. was incorporated in the state of Delaware in February 2015. Navan is an end-to-end, AI-powered software platform designed to simplify the global business travel and expense experience, benefiting users, customers, and suppliers. Established with a vision to reimagine business travel, Navan has developed a comprehensive platform that facilitates further disruption in the industry. By delivering personalized experiences for users, efficiency and control for customers, and direct market access for suppliers, all powered by its proprietary AI framework, Navan Cognition. Navan prioritizes the needs of users, customers, and suppliers in an integrated global platform, allowing for intuitive booking, real-time visibility, cost control, and improved connections in the business travel ecosystem.