Navan plows ahead with IPO during shutdown, aims for $6.45B valuation 

Navan, a corporate travel management company, is moving forward with its initial public offering (IPO) despite the ongoing government shutdown. The company is taking advantage of SEC rules that allow companies in IPO limbo to proceed at their own risk during the shutdown. Navan aims to raise $100 million in its IPO and achieve a valuation of $6.45 billion. The company's decision to push ahead with the IPO comes as the travel industry continues to navigate the challenges posed by the COVID-19 pandemic. The article notes that Navan's IPO plans could be affected by the shutdown, as the SEC may not be able to review and approve the company's filings in a timely manner. However, Navan is willing to take the risk in order to take advantage of the current market conditions and raise the necessary funds to support its growth strategy. The article provides a concise overview of Navan's IPO plans and the potential challenges it may face during the government shutdown, without presenting any biased opinions or unsubstantiated claims.