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$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says - TL;DR CNBC

$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says

Publishing timestamp: 2024-05-20 07:10:52


Summary

Navan, a travel and expense management platform, is preparing for an eventual initial public offering (IPO) this year. The CEO mentioned that the company is close to being ready for a stock market listing, with plans to become profitable for the first time. Navan has raised over $1.5 billion in venture funding and is valued at $9.2 billion. The company is also investing in artificial intelligence, with the introduction of an AI personal assistant called Ava.


Sentiment: NEUTRAL

Tickers: AXPULULVR-GBSAP

Keywords: business newsmarketsamerican express counilever plcbreaking news: marketsbreaking news: technologysap setechnology

Source: https://www.cnbc.com/2024/05/20/navan-is-not-far-from-ipo-on-track-for-2024-profitability-ceo-says.html


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