Looking to sell Motive stock or options?
Motive produces electronic fleet tracking devices aimed at modernizing long-haul trucking services. Their platform provides comprehensive fleet management through electronic logging devices and GPS tracking, featuring tools for electronic logs, IFTA reporting, vehicle diagnostics, driver performance monitoring, and vehicle utilization tracking. This enables fleet managers and dispatchers to efficiently audit driver logs, monitor locations, and communicate.
Quiet Capital, Bosch Ventures, 9Yards Capital, Goanna Capital, GV, West Coast Equity Partners, Agmen Capital, BlackRock, BBQ Capital, Base10 Partners, SharesPost, Itochu, Builders VC, Kleiner Perkins, G2 Venture Partners, Insight Partners, IVP, Index Ventures, Reform Ventures, Scale Venture Partners, Greenoaks Capital Partners, Cascade Investment Fund, The Progressive, WiL (World Innovation Lab), Summit Peak Investments.
Motive is currently a private company. This means that the company is not listed on any public exchange and so there is no public market for its stock. However, there may still be ways to monetize Motive stock. Depending on Motive’s policies, you may be able to: (1) find a private buyer in the secondary market to purchase your stock, (2) borrow against your stock, or (3) exchange Motive stock into the Collective Exchange Fund for a limited partnership interest and then borrow non-recourse against your interest to generate immediate cash. This last alternative can be much quicker and net you more after-tax cash than your other options. An exchange into our fund also reduces your risk by diversifying your holdings out of an over-concentrated position.
Collective Liquidity can provide liquidity to shareholders of Motive stock in two ways. First, Motive employees can exchange shares into the Collective Exchange Fund and then borrow non-recourse to generate immediate cash. This can net you more after-tax cash than a stock sale. It also reduces your risk by diversifying your holdings out of an over-concentrated position. In some cases, Collective may also be able to purchase your Motive stock. Note that all transactions in Motive shares are subject to the company’s policies regarding secondary transactions. Schedule a call with a Collective Liquidity representative to learn more about your private market liquidity alternatives.
Motive stock is not listed on any public exchange and so there is no public market for its shares. Therefore, there is no single, centralized price for Motive stock. Typically, shares of private companies like Motive are set with buyers in one off negotiations. Collective Liquidity, however, uses a proprietary algorithm to determine its bids so we almost always have an immediately actionable price for you.
On May 2022, Motive is reported to have closed an equity financing in which the investors valued the company at $2.85B. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of Motive shares outstanding assuming the conversion of all stock options, warrants, etc.
Tickers are used to identify company’s shares on public markets like the NYSE or Nasdaq. Because Motive is not currently publicly traded, it does not have a ticker symbol.
Motive has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though Motive is a well-known, successful company, there can be no assurance that it will ever go public or be sold. Because of the risk this imposes on Motive shareholders, many investors elect to gain liquidity for at least some of their shares before the IPO. Schedule a call with a Collective Liquidity representative to discuss your private market liquidity alternatives.