Travel Software Startup Navan to File This Month for Fall IPO

Navan, a corporate travel software startup, is planning to file confidentially for an initial public offering as early as next week, two people familiar with the matter said, a further sign of a rebound in public listings for venture-backed startups.

The company, backed by Zeev Ventures, Lightspeed Venture Partners and Andreessen Horowitz, is one of a handful of VC-backed software firms that have taken recent steps to go public this year. Others include designer-focused company Figma and cybersecurity startup Netskope. Each company is at least 10 years old and faces pressure from employees and investors to sell shares.