Navan, a corporate travel management platform, reported a 30% revenue surge for the first half of fiscal 2026 in its U.S. IPO filing. Tech IPOs are leading the recovery in first-time share sales. Reuters reported Navan could be valued at over $8 billion.

Founded in 2015 as TripActions, Navan has expanded into corporate payments and expense management. The Palo Alto-based company reported a net loss of $99.9 million on revenue of $329.4 million for the six months ended July 31. Major underwriters managing the IPO include Goldman Sachs and Citigroup.

With IPO activity slowing down through September, corporate issuers are preparing for potential roadshow launches in October. Travel demand has rebounded, with major airlines optimistic about fare increases. Navan plans to list its shares on the Nasdaq under the symbol “NAVN.”

Read more at Yahoo Finance: Navan reveals 30% revenue surge in US IPO filing as tech listings fire up