Navan’s IPO Flop? TravelTech Stock Sinks 12% on Nasdaq Debut
Rocky Market Debut: Shares Slip 12% Navan’s first day as a public company was rocky. The stock debuted on Nasdaq under the ticker NAVN, immediately trading below its IPO price. Reuters reports Navan “started trading 12% below” the offering price, opening around $22 Reuters. By midday on Oct 30 the stock was near $21.14, a ~15% drop from $25 Investing.…