(Reuters) -Corporate travel and expense company Navan on Wednesday priced its initial public offering at $25 per share, within its marketed range of $24 to $26 per share, raising about $923.1 million and reinforcing a strong momentum for fresh flotations.

The Palo Alto, California-based firm sold 30 million shares to raise $750 million, while existing stockholders sold about 6.9 million shares to raise the remaining amount.

The offering gives the company a potential valuation of $6.21 billion, according to Reuters calculations.

In 2022, the company raised $300 million in a Series G funding round, achieving a valuation of $9.2 billion.

While the U.S. government shutdown has caused some short-term delays, analysts and executives have hailed the rebound of fresh issues and said that it se

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