What you need to know
- Alphabet-backed Motive Technologies filed a statement with the SEC this week indicating the fleet management software company's intent to go public.
- This news is another sign that 2026 could be a busy year for new listings, especially those related to AI.
Next year looks like it will be a busy year for IPOs. Add Motive Technologies to the list.
The AI-enabled fleet management software company said Tuesday it filed a Form S-1 registration statement with the Securities and Exchange Commission and applied to list on the New York Stock Exchange using the symbol “MTVE.” The company has not disclosed the number of shares it plans to sell or the price.
Why this matters to investors
Experts generally believe that 2026 could be a great year for IPOs, which could bring optimism to investors, especially if the offers are received when they actually hit the market. The coming year looks set to bring both a number of new products and the potential for some big ones.
Next year is expected to be a busy year for IPOs, with potentially large initial public offerings. Tech companies expected to file next year include Elon Musk's SpaceX, OpenAI and Anthropic. In its 2026 IPO outlook, Renaissance Capital estimates that about 200 of them will go public next year, raising up to $60 billion.
“We expect the past year's increase in venture-backed issuance to continue, especially as more AI companies mature and seek to take advantage of growing demand from retail investors,” Renaissance wrote. “Themes such as fintech, healthtech, digital assets and defense should continue next year.”
San Francisco-based Motive, whose Series F convertible preferred stock owners include Alphabet Inc.'s Google Ventures, said its revenue for the nine months ended Sept. 30 was $327 million, up 22% from a year earlier. The company estimates that its technology has helped prevent thousands of accidents, save lives, and provide fuel and fraud savings to customers.
The company said in a filing that it intends to use the proceeds from the offering for “working capital and other general corporate purposes.” bloomberg This summer, Motiv announced it had raised $150 million at an undisclosed valuation.
