08:07 AM EDT, 10/13/2025 (MT Newswires) -- Navan (NAVN) said in an updated regulatory filing with the US Securities and Exchange Commission Friday it plans to offer 30 million of its Class A common shares in an initial public offering, with the expected price between $24 and $26 per share.

The selling shareholders are also offering an additional 6.9 million of the company's Class A shares, said Navan, which has applied to list its Class A stock on Nasdaq under the "NAVN" ticker symbol.

The company has provided a 30-day option for underwriters to acquire up to an additional 5.5 million Class A shares, it added.

Navan also said it expects roughly $699.6 million in net proceeds, which it intends to use for working capital and other general corporate requirements.