The company is now targeting a late April 2024 IPO, Insider has learned.
Navan, formerly known as TripActions, is now targeting a late April 2024 IPO, according to a person with direct knowledge of the matter not authorized to speak publicly.
However, this month the nearly two year dormant IPO market has finally shown signs of coming to life.
Andreessen Horowitz first invested in TripActions in 2018, when it led the company's series C funding round at a $1.1 billion valuation and general partner Ben Horowitz joined the board.
Navan has raised more than $2 billion in equity and debt financing since it was founded 2015, according to Pitchbook.
Persons:
Ariel Cohen, Kelly Soderlund, Instacart, Goldman Sachs, Andreessen Horowitz, Ben Horowitz, It's, " Horowitz
Organizations:
Navan, NASDAQ, Bloomberg, Softbank, Lightspeed Venture Partners, Coatue Management, Zeev Ventures
Locations:
Navan, Caplight, TripActions