US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

US IPOs and Secondary Offerings

Navan (NAVN US): Last IPO Addition for US Index in December 2025

Navan Inc. (NAVN): Peeking at the IPO Prospectus of an AI-Powered Booking System

Navan Inc. (NAVN):AI-Powered Booking System Pushes Ahead with IPO Amidst Government Shutdown

Navan Inc. (NAVN):Demand Strong for Upcoming AI-Powered Booking System IPO

IPOs and Secondary Offerings

Equity Capital Markets

<ul>
<li>Navan Inc. (NAVN) priced its IPO at the midpoint of the range, $25.00 per share, raising approximately $922 million in gross proceeds.</li>
<li>The stock opened below issue price at $22.00 and failed to find support during its debut session, trading as low as $19.74 before closing near its intraday lows.</li>
<li>Despite strong top-line growth and margin improvement, investor skepticism centered around long-term scalability and sector defensibility.</li>
</ul>


Navan Inc. (NAVN) priced its IPO at the midpoint of the range, $25.00 per share, raising approximately $922 million in gross proceeds.
The stock opened below issue price at $22.00 and failed to find support during its debut session, trading as low as $19.74 before closing near its intraday lows.
Despite strong top-line growth and margin improvement, investor skepticism centered around long-term scalability and sector defensibility.


Navan Inc. (NAVN): Mispriced AI Travel Platform Stumbles in Debut