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Timon Schneider \/ SOPA Images \/ LightRocket via Getty Images<\/p>\n
Motive Technologies could go public in 2026. <\/p>\n
Alphabet-backed Motive Technologies this week filed a statement with the SEC indicating the fleet management software company’s its intention to go public.<\/p>\n
The news marks another sign that 2026 could be a busy year for new listings and, particularly, those linked to AI.<\/p>\n
Next year is shaping up to be a busy one for\u00a0IPOs<\/a>. Add Motive Technologies to the list.<\/p>\n The AI-enabled fleet management software firm filed its\u00a0Form S-1<\/a>\u00a0registration statement with the\u00a0Securities and Exchange Commission<\/a>\u00a0on Tuesday, saying it had applied to list on the\u00a0New York Stock Exchange<\/a>\u00a0using the symbol “MTVE.” The company has not said how many shares it intends to sale, or at what price.<\/p>\n Experts generally believe 2026 could be a banner year for IPOs, which can represent a signal for investor optimism\u2014especially if those offerings are received when they actually hit the market. Next year is seen as potentially heralding both a solid number of new offerings, and some big ones.<\/p>\n Next year is expected to be a busy year for IPOs\u2014and to include some potentially massive offerings. Tech firms expected to file next year include Elon Musk’s SpaceX<\/a>, OpenAI and Anthropic<\/a>. Renaissance Capital in its 2026 outlook for IPOs estimated some 200 of them next year, raising as much as $60 billion.<\/p>\n “We expect to see the past year\u2019s uptick in venture-backed issuance to continue, particularly as more AI-related companies mature and seek to tap into growing demand from public investors,” Renaissance wrote. “Themes like fintech, healthtech, digital assets, and defense should carry into the coming year.”<\/p>\n San Francisco-based Motive, whose Series F convertible preferred stock owners include Alphabet’s (GOOGL) Google Ventures, said revenue for the nine months through Sept. 30 rose 22% year-over-year to $327 million. It estimates that its technology has helped prevent thousands of accidents, save lives and offer customers fuel and fraud savings.<\/p>\n The company in its filing said it intended to use the proceeds from the offering for “working capital and other general corporate purposes.” Bloomberg this summer said Motive raised $150 million at an undisclosed valuation.<\/p>\n