Navan has filed a registration statement with the U.S. Securities and Exchange Commission for its planned initial public offering, making details of the company's business available to potential investors, the company announced on Friday.
The company is making the proposed offering available via a prospectus through lead book-running managers Goldman Sachs and Citigroup. Navan has applied to be listed under the symbol NAVN on the Nasdaq Global Select Market, but it has not yet determined the price range nor number of shares to be offered under the proposed offering.
Navan's IPO has been a long-anticipated move, with a registration statement previously filed in June that kept its financial details private. The company last year also hired as CFO Amy Butte, who has had experience taking multiple companies public.