Navan sets price range for IPO, expects market cap of up to $6.5 billion [CNBC]
Expensify, Inc. (EXFY)
Company Research
Source: CNBC
Competitor Expensify has seen its share price drop since going public in 2021. FILE PHOTO: Ariel Cohen during a panel at DLD Munich Conference 2020, Europe's big innovation conference, Alte Kongresshalle, Munich. Picture Alliance for DLD | Hubert Burda Media | AP Navan, a developer of corporate travel and expense software, expects its market cap to be as high as $6.5 billion in its IPO, according to an updated regulatory filing on Friday. The company said it anticipates selling shares at $24 to $26 each. Its valuation in that range would be about $3 billion less than where private investors valued Navan in 2022, when the company announced a $300 million funding round. CoreWeave Circle and Figma have led a resurgence in tech IPOs in 2025 after a drought that lasted about three years. Navan filed its original prospectus on Sept. 19 , with plans to trade on the Nasdaq under the ticker symbol “NAVN.” Last week, the U.S. government entered a shutdown that has substantially red
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EXFY
News
- Expensify and Uber for Business Collaborate to Automate Travel and Meal ReceiptsBusiness Wire
- Expensify (NASDAQ:EXFY) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Expensify Earns 2026 Buyer's Choice Award from TrustRadius [Yahoo! Finance]Yahoo! Finance
- Expensify Earns 2026 Buyer’s Choice Award from TrustRadiusBusiness Wire
- Expensify (NASDAQ:EXFY) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=EXFY&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</aMarketBeat
EXFY
Sec Filings
- 12/5/25 - Form 4
- 11/6/25 - Form 8-K
- 11/6/25 - Form 10-Q
- EXFY's page on the SEC website