SEC passed watered down proposals requiring VC funds to be more transparent. Navan, formerly TripActions, filed updated IPO documents with SEC despite government shutdown. New SEC rule allows companies in limbo to file updated info and proceed with roadshow in 20 days. Navan plans to sell 30 million shares priced at $24 to $26, aiming to raise over $960 million and be valued at $6.45 billion. Company generated $613 million revenue with $188 million in losses. Tech world watching Navan’s IPO closely.

Read more at Yahoo Finance: Navan plows ahead with IPO during shutdown, aims for $6.45B valuation