News Summary

• Corporate travel management company Navan filed updated IPO documents with the U.S. Securities and Exchange Commission on Friday.
• Navan is proceeding under new SEC rules that allow wanna-be public companies that are in limbo during the shutdown to file updated information.
• The company plans to sell 30 million shares, with insiders selling an additional 7 million.
• It priced its range at $24 to $26.
• At the high-end, the company would raise more than $960 million and be valued at $6.45 billion.