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Why did Navan lose $1 billion in market value on its first day on Wall Street? - calcalistech.com

Why did Navan lose $1 billion in market value on its first day on Wall Street?  calcalistech.com Navan IPO lands rare one-person venture capital firm his biggest win ever, a $1 billion payday  CNBC Navan Shares Fall 20% in Biggest IPO During Shutdown  The Wall Street Journal Navan just pulled off the biggest IPO during the government shutdown — and it's a long time coming  Business Insider Lightspeed, Zeev Win Billions From Navan IPO  The Information

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