Navan plows ahead with IPO during shutdown, aims for $6.45B valuation | TechCrunch
Corporate travel management company Navan — once known asTripActions — filed updatedIPO documentswith the U.S. Securities and Exchange Commissionon Friday,even though the federal government is currently shut down. Navan isproceedingundernew SEC rulesthatallowswanna-bepublic companies that are in limbo during the shutdown to fileupdatedinformation,including share count and pricing, and have their statements automaticallyokayedin20 days without staff scrutiny.Once…
