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

1. Navan filed updated IPO documents amid federal government shutdown. 2. Company plans to sell 30 million shares priced between $24 to $26. 3. Projected funding could exceed $960 million, valuing Navan at $6.45 billion. 4. Rolling 12-month revenue reached $613 million, a 32% increase. 5. Navan incurs losses of $188 million as stated in the filing.