EquipmentShare.com Inc. and Motive Technologies Inc. are set to begin formal marketing for their initial public offerings as soon as next week, according to people familiar with the matter, as a busy year for listings gets underway.
Columbia, Missouri-based construction equipment rental firm EquipmentShare.com filed publicly for a listing on Dec. 9. The listing could raise about $1 billion, person familiar with the matter said.
Motive, which counts Alphabet Inc.’s Google Ventures and Kleiner Perkins among its backers, makes artificial intelligence-enabled fleet management software and filed its IPO paperwork publicly on Dec. 23. An IPO could raise around ...