Topic: stock decline
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Navan IPO Plunges 20% After SEC Shutdown Workaround
Navan's stock fell 20% on its Nasdaq debut, closing below its $25 IPO price and reducing its market valuation to about $4.7 billion, despite being the first company to use a new SEC provision for public listings during a government shutdown. The company utilized an alternative SEC pathway that al...
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Grindr May Go Private Amid Financial Pressure
Grindr's principal shareholders are exploring taking the company private due to financial pressures from a sharp stock decline, despite the app's strong operational performance. Majority owners Raymond Zage and James Lu used their shares as collateral for personal loans, leading to liquidation by...
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