A Google-Backed Software Company Could Join Next Year's AI-Powered IPO Rush

What You Need to Know Alphabet-backed Motive Technologies this week filed a statement with the SEC indicating the fleet management software company's its intention to go public. The news marks another sign that 2026 could be a busy year for new listings and, particularly, those linked to AI. Next year is shaping up to be a busy one for IPOs . Add Motive Technologies to the list. Motive Technologies could go public in 2026.Timon Schneider / SOPA Images / LightRocket via Getty Images The AI-enabled fleet management software firm filed its Form S-1 registration statement with the Securities and Exchange Commission on Tuesday, saying it had applied to list on the New York Stock Exchange using the symbol "MTVE." The company has not said how many shares it intends to sale, or at what price. Why This Matters to Investors Experts generally believe 2026 could be a banner year for IPOs, which can represent a signal for investor optimism-especially 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. Next year is expected to be a busy year for IPOs-and to include some potentially massive offerings. Tech firms expected to file next year include Elon Musk's SpaceX , OpenAI and Anthropic . Renaissance Capital in its 2026 outlook for IPOs estimated some 200 of them next year, raising as much as $60 billion. "We expect to see the past year’s 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." 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. 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. Do you have a news tip for Investopedia reporters? Please email us at [email protected]

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