This Week in the Index- Navan Tanks after IPO

Week of October 23 – October 29, 2025

Quick Summary

Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Primaries picked up; secondaries were mixed (Cerebras up, Anduril/SpaceX down); publics mostly higher, led by CoreWeave. Index +0.2% WoW.

Primary Rounds & Filings

  • Botco, Inc. (DBA: The Bot Company): Series C $18.64/share (~+65% Series B).
  • Navan* (NAVN): IPO at $25. Last private: Series F at $37.45 (adjusted for reverse split).
  • Whatnot: $225M Series F (filing previously reported).

Secondary Transactions

  • Anduril: −11.1% to $56.00
  • SpaceX: −3.0% to $227.90
  • Cerebras Systems: +13.8% to $37.00
  • KoBold Metals*: +0.01% to $85.00
  • Motive*: −7.8% to $4.75

Public Components

  • CoreWeave (CRWV): +15.1% to $139.93
  • Circle (CRCL): +5.6% to $131.74
  • Figma (FIG): −3.8% to $50.81
  • Hinge Health (HNGE): +1.5% to $49.60
  • Via Transportation (VIA): +9.2% to $53.06
  • Netskope (NTSK): +7.4% to $23.41

Notable News

Index Performance

The Prime Unicorn 30 Index closed at 177.22 on Oct 29, up 0.2% vs 176.95 on Oct 22.

*These companies are components of the Prime Unicorn Composite Index, but are not included in the Prime Unicorn 30 Index.