Navan Files for IPO: The Opening of B2B IPO Floodgates?
SaaStr
JUNE 22, 2025
Navan, the corporate travel and expense management unicorn formerly known as TripActions, confidentially filed for a U.S. initial public offering on Friday, becoming the latest enterprise software company to test increasingly receptive public markets. No “classic” B2B leader has IPO’d yet in this wave. But we may have our first.
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