Category: Startups

BusinessStartups

Navan IPO Sets $6.5 Billion Market Cap Target Amid Tech Resurgence

Corporate travel platform Navan has set its IPO price range at $24-26 per share, targeting a market capitalization of up to $6.5 billion. The company’s public debut comes amid renewed investor interest in tech IPOs after a three-year drought.

Navan, the corporate travel and expense management software provider formerly known as TripActions, has established an initial public offering price range of $24 to $26 per share, potentially valuing the company at up to $6.5 billion in market capitalization. The updated filing comes as the technology sector experiences a resurgence in public market activity following an extended IPO drought.

Navan’s IPO Valuation and Market Position

by Tyler Brooks P.E
BusinessStartups

Activist Investor Irenic Capital Urges Atkore to Explore Sale After Taking Stake

Activist investor Irenic Capital Management has acquired a 2.5% position in Atkore and is pushing the company to explore a potential sale. The move comes as Atkore faces significant operational challenges and leadership uncertainty following CEO Bill Waltz’s unexpected retirement announcement.

Activist investor Irenic Capital Management has taken a significant 2.5% stake in electrical products manufacturer Atkore and is urging the company to pursue a potential sale process. The activist’s intervention comes at a critical juncture for Atkore, which has seen its market value decline dramatically from early 2024 highs of $190 per share to approximately $60 per share amid operational missteps and leadership uncertainty.

Irenic Capital’s Activist Background and Strategy

by Megan Carter