Motive
gomotive.comDeveloper of an electronic fleet tracking platform designed to digitize long-haul trucking services.
LBX PPS
1Y return
$11.77
↑ 86.8% 1Y
Implied Valuation
$4.3B
+50.9% premium
Last Round
May 2022
$7.80
Later Stage VC · $2.9B
Activity
1.1
#133 most active
Price per share
12M · USD
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Funding history
$M raised · $B post-money
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Signals
1 latest
Motive withdraws its S-1, pulling planned NYSE IPO (ticker MTVE) after $1.3B private financing
On 2026-09-10 Motive Technologies filed a Form RW with the SEC withdrawing the S-1 it had filed in December 2025 for a NYSE listing under ticker MTVE, which Renaissance Capital estimated would have raised about $600 million with J.P. Morgan, Citigroup, Barclays and Jefferies as lead managers. CEO Shoaib Makani said the General Catalyst financing left the company 'very well capitalized' and it remains positioned to list in future. The withdrawal removes the near-term public exit and makes secondaries the main liquidity path.
Source: SEC EDGAR (Form RW)
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